Empire (EMLAF) to Release Quarterly Earnings on Thursday

Empire (OTCMKTS:EMLAF) is anticipated to post its results before the market opens on Thursday, March 12th. Analysts expect Empire to post earnings of $0.5210 per share and revenue of $5.7515 billion for the quarter.

Empire Trading Up 0.6%

Shares of OTCMKTS:EMLAF opened at $36.34 on Wednesday. The stock has a fifty day simple moving average of $34.65 and a two-hundred day simple moving average of $35.38. Empire has a 12-month low of $29.47 and a 12-month high of $41.90.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Empire in a report on Friday, December 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Empire in a research note on Friday, December 12th. Finally, TD Securities reissued a “hold” rating on shares of Empire in a research report on Friday, December 12th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About Empire

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.