North West (TSE:NWC) Announces Quarterly Earnings Results

North West (TSE:NWC) announced its quarterly earnings results on Tuesday. The company reported C$0.76 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 during the quarter.

North West Price Performance

Shares of NWC stock opened at C$49.10 on Wednesday. The stock has a market cap of C$2.33 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.11 and a beta of -0.01. The business’s fifty day moving average is C$49.93 and its 200 day moving average is C$51.58. North West has a twelve month low of C$44.63 and a twelve month high of C$56.77. The company has a quick ratio of 0.64, a current ratio of 2.12 and a debt-to-equity ratio of 57.01.

North West Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce dropped their target price on North West from C$63.00 to C$58.00 and set an “outperform” rating for the company in a report on Thursday, June 11th. BMO Capital Markets decreased their price target on North West from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Finally, TD Securities upgraded shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat, North West presently has an average rating of “Buy” and a consensus 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.