Weis Markets (NYSE:WMK) Posts Earnings Results

Weis Markets (NYSE:WMK) issued its quarterly earnings data on Tuesday. The company reported $1.29 earnings per share (EPS) for the quarter, Zacks reports. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Price Performance

Weis Markets stock opened at $74.37 on Wednesday. Weis Markets has a 12-month low of $59.70 and a 12-month high of $76.62. The stock has a market capitalization of $2.00 billion, a PE ratio of 20.89 and a beta of 0.51. The firm has a 50 day simple moving average of $68.48 and a 200-day simple moving average of $68.39.

Weis Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.83%. Weis Markets’s dividend payout ratio (DPR) is 38.20%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Weis Markets from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

About Weis Markets

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets in Pennsylvania and surrounding states. The company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.