Empire (EMLAF) Expected to Announce Earnings on Thursday

Empire (OTCMKTS:EMLAF) is anticipated to issue its results before the market opens on Thursday, March 12th. Analysts expect the company to announce earnings of $0.5210 per share and revenue of $5.7515 billion for the quarter.

Empire Price Performance

Shares of OTCMKTS:EMLAF opened at $35.64 on Thursday. Empire has a 12 month low of $29.47 and a 12 month high of $41.90. The company’s 50-day moving average price is $34.55 and its two-hundred day moving average price is $35.56.

Analyst Ratings Changes

A number of analysts recently weighed in on EMLAF shares. BMO Capital Markets reissued a “market perform” rating on shares of Empire in a report on Friday, December 12th. TD Securities reissued a “hold” rating on shares of Empire in a research note on Friday, December 12th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Empire in a research report on Friday, December 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Empire Company Profile

Empire Company Limited trades on the OTC Pink under the symbol EMLAF. It is a leading Canadian food retailer and distributor, operating a network of more than 1,500 locations across all provinces. The company’s retail segment includes national and regional banners such as Sobeys, Safeway (Western Canada), FreshCo, IGA (Quebec), Foodland (Atlantic Canada), Thrifty Foods and Price Chopper (Ontario). Through its wholesale division, Empire serves independent grocers and franchises markets under the Empire Wholesale Club and other distribution outlets.

In addition to traditional supermarket operations, Empire has expanded its digital and e-commerce capabilities, offering online grocery ordering and home delivery services to meet shifting consumer preferences.