Empire (EMLAF) Expected to Announce Earnings on Thursday

Empire (OTCMKTS:EMLAF) is expected to release its results before the market opens on Thursday, September 10th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $6.0884 billion for the quarter.

Empire Stock Performance

Empire stock opened at $34.55 on Tuesday. Empire has a 52 week low of $32.56 and a 52 week high of $37.81. The firm’s 50-day simple moving average is $35.17 and its 200 day simple moving average is $35.21.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Empire in a report on Saturday, June 20th. Scotiabank reissued a “sector perform” rating on shares of Empire in a research note on Wednesday, September 2nd. Finally, BMO Capital Markets restated an “outperform” rating on shares of Empire in a research report on Friday, June 19th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.