Weis Markets (NYSE:WMK) Issues Earnings Results

Weis Markets (NYSE:WMK) posted its quarterly earnings results on Tuesday. The company reported $1.29 earnings per share for the quarter, Zacks reports. Weis Markets had a return on equity of 6.85% and a net margin of 2.01%.

Weis Markets Trading Up 2.8 %

Shares of NYSE:WMK traded up $2.02 during mid-day trading on Tuesday, reaching $74.37. The company had a trading volume of 134,577 shares, compared to its average volume of 78,955. The company’s 50-day moving average price is $68.43 and its 200-day moving average price is $68.34. Weis Markets has a one year low of $59.70 and a one year high of $76.62. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 20.89 and a beta of 0.51.

Weis Markets Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.