Weis Markets, Inc. (NYSE:WMK) announced its earnings results on Friday. The company reported $0.16 EPS for the quarter, Bloomberg Earnings reports. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%. The business had revenue of $854.26 million during the quarter.

Weis Markets (NYSE WMK) traded up $0.94 during midday trading on Friday, reaching $40.37. 81,854 shares of the company traded hands, compared to its average volume of 130,105. The company has a quick ratio of 0.81, a current ratio of 1.98 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1,087.76, a PE ratio of 13.26 and a beta of 0.68.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.20 annualized dividend and a yield of 2.97%. Weis Markets’s dividend payout ratio is currently 39.34%.

Separately, BidaskClub raised shares of Weis Markets from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th.

In other Weis Markets news, COO Kurt A. Schertle bought 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $45.47 per share, for a total transaction of $45,470.00. Following the completion of the transaction, the chief operating officer now directly owns 1,000 shares in the company, valued at approximately $45,470. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Scott F. Frost bought 600 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was acquired at an average price of $42.85 per share, for a total transaction of $25,710.00. Following the transaction, the chief financial officer now owns 1,961 shares of the company’s stock, valued at $84,028.85. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,625 shares of company stock worth $116,570. Company insiders own 26.90% of the company’s stock.

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About Weis Markets

Weis Markets, Inc is engaged principally in the retail sale of food 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, fuel and general merchandise items, such as health and beauty care and household products.

Earnings History for Weis Markets (NYSE:WMK)

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