Empire (TSE:EMP – Free Report) – Desjardins raised their Q1 2025 earnings per share (EPS) estimates for Empire in a note issued to investors on Sunday, September 8th. Desjardins analyst C. Li now forecasts that the company will post earnings per share of $0.87 for the quarter, up from their prior forecast of $0.85. Desjardins also issued estimates for Empire’s Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.87 EPS, FY2025 earnings at $2.97 EPS and FY2026 earnings at $3.22 EPS.
Empire (TSE:EMP – Get Free Report) last released its earnings results on Thursday, June 20th. The company reported C$0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.63. The business had revenue of C$7.41 billion for the quarter, compared to analysts’ expectations of C$7.48 billion.
Empire Price Performance
Empire Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Monday, July 15th were given a dividend of $0.20 per share. This is a positive change from Empire’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, July 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of ∞.
About Empire
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. 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.
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