North West (TSE:NWC) Posts Earnings Results

North West (TSE:NWC) announced its earnings results on Tuesday. The company reported C$0.76 earnings per share (EPS) for the quarter, FiscalAI reports. North West had a net margin of 5.45% and a return on equity of 17.73%. The firm had revenue of C$681.96 million for the quarter.

North West Price Performance

Shares of North West stock traded down C$0.28 during trading on Tuesday, reaching C$49.10. 123,203 shares of the company’s stock were exchanged, compared to its average volume of 137,861. The company has a debt-to-equity ratio of 57.01, a quick ratio of 0.64 and a current ratio of 2.12. North West has a 1-year low of C$44.63 and a 1-year high of C$56.77. The company has a market cap of C$2.33 billion, a P/E ratio of 16.93, a PEG ratio of 1.11 and a beta of -0.01. The firm’s 50-day moving average price is C$49.94 and its 200 day moving average price is C$51.62.

North West Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.41 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.64 annualized dividend and a dividend yield of 3.3%. North West’s dividend payout ratio (DPR) is presently 56.21%.

Analyst Ratings Changes

A number of research firms have recently weighed in on NWC. BMO Capital Markets cut their target price on North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. TD Securities raised North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Canadian Imperial Bank of Commerce cut their price objective on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Finally, Royal Bank Of Canada reduced their price objective on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat, North West presently has a consensus rating of “Buy” and an average price target of C$59.33.

About North West

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.