$0.20 EPS Expected for Empire Company Limited (EMP.A)

August 25, 2017 – By Peter Erickson

Analysts await Empire Company Limited (TSE:EMP.A) to report earnings on September, 21. They expect $0.20 earnings per share, down 25.93 % or $0.07 from last year’s $0.27 per share. T_EMP’s profit will be $54.32 million for 26.74 P/E if the $0.20 EPS becomes a reality. After $0.18 actual earnings per share reported by Empire Company Limited for the previous quarter, Wall Street now forecasts 11.11 % EPS growth. About 99,828 shares traded. Empire Company Limited (TSE:EMP.A) has 0.00% since August 25, 2016 and is . It has underperformed by 16.70% the S&P500.

Empire Company Limited (TSE:EMP.A) Ratings Coverage

Among 9 analysts covering Empire Company Limited (TSE:EMP.A), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Empire Company Limited had 33 analyst reports since September 10, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, December 1. As per Friday, September 11, the company rating was maintained by Scotia Capital. Scotia Capital maintained it with “Sector Perform” rating and $17 target in Monday, January 16 report. The stock has “Sector Perform” rating by Scotia Capital on Friday, December 2. The stock of Empire Company Limited (TSE:EMP.A) has “Hold” rating given on Thursday, March 16 by TD Securities. Raymond James maintained the stock with “Market Perform” rating in Wednesday, March 15 report. TD Securities downgraded the shares of EMP.A in report on Friday, September 16 to “Reduce” rating. As per Friday, September 16, the company rating was maintained by BMO Capital Markets. BMO Capital Markets upgraded Empire Company Limited (TSE:EMP.A) on Friday, June 30 to “Outperform” rating. RBC Capital Markets maintained the shares of EMP.A in report on Friday, September 16 with “Sector Perform” rating.

Empire Company Limited is engaged in the business of food retailing and related real estate. The company has market cap of $5.81 billion. The Company’s divisions include Food Retailing, and Investments and Other Operations. It has a 36.72 P/E ratio. The Food Retailing segment consists of its subsidiary, Sobeys Inc., which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

More notable recent Empire Company Limited (TSE:EMP.A) news were published by: Fool.ca which released: “Empire Company Limited: Patience May Be Key” on May 30, 2017, also Fool.ca with their article: “After Earnings: Empire Company Limited” published on March 21, 2017, Fool.ca published: “Empire Company Limited May Be Heading for Another Plunge” on June 16, 2017. More interesting news about Empire Company Limited (TSE:EMP.A) were released by: Fool.ca and their article: “Empire Company Limited: Is the Stock Permanently Broken?” published on December 15, 2016 as well as Fool.ca‘s news article titled: “How Empire Company Limited Is Coming out of the Basement” with publication date: June 14, 2017.