Weis Markets (NYSE:WMK) Posts Quarterly Earnings Results

Weis Markets (NYSE:WMK) issued its earnings results on Friday. The company reported $0.76 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Weis Markets had a return on equity of 5.96% and a net margin of 1.73%. The company had revenue of $887.97 million for the quarter.

WMK opened at $36.41 on Friday. Weis Markets has a 52-week low of $35.26 and a 52-week high of $53.30. The stock has a market cap of $976.93 million, a PE ratio of 16.07 and a beta of 0.13. The firm’s fifty day simple moving average is $36.47. The company has a current ratio of 1.66, a quick ratio of 0.65 and a debt-to-equity ratio of 0.16.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Monday, July 29th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, July 26th.

In related news, COO Kurt A. Schertle purchased 1,000 shares of Weis Markets stock in a transaction dated Wednesday, May 29th. The stock was purchased at an average cost of $38.57 per share, with a total value of $38,570.00. Following the transaction, the chief operating officer now owns 3,000 shares in the company, valued at approximately $115,710. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Scott F. Frost purchased 800 shares of Weis Markets stock in a transaction dated Monday, June 3rd. The stock was bought at an average cost of $37.60 per share, with a total value of $30,080.00. Following the completion of the transaction, the chief financial officer now owns 3,618 shares in the company, valued at approximately $136,036.80. The disclosure for this purchase can be found here. Insiders acquired a total of 2,400 shares of company stock valued at $91,420 over the last quarter. Company insiders own 27.00% of the company’s stock.

Separately, TheStreet cut Weis Markets from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th.

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food 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.

Read More: Cost of Goods Sold (COGS)

Earnings History for Weis Markets (NYSE:WMK)

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