Weis Markets (NYSE:WMK) Releases Quarterly Earnings Results

Weis Markets (NYSE:WMK) issued its quarterly earnings results on Tuesday. The company reported $1.29 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

Shares of Weis Markets stock traded up $2.02 on Tuesday, reaching $74.37. 134,577 shares of the company traded hands, compared to its average volume of 78,955. The company has a 50 day moving average of $68.43 and a 200 day moving average of $68.34. Weis Markets has a 52 week low of $59.70 and a 52 week high of $76.62. The firm has a market capitalization of $2.00 billion, a PE ratio of 20.89 and a beta of 0.51.

Weis Markets Dividend Announcement

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

Analyst Ratings Changes

Separately, StockNews.com raised 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.