North West (TSE:NWC) Announces Quarterly Earnings Results

North West (TSE:NWC) posted its earnings results on Wednesday. The company reported C$0.78 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$675.55 million for the quarter. North West had a net margin of 5.51% and a return on equity of 18.44%.

North West Stock Performance

Shares of TSE NWC traded up C$1.42 during mid-day trading on Wednesday, reaching C$53.64. 83,656 shares of the company were exchanged, compared to its average volume of 140,615. The company’s 50-day simple moving average is C$53.99 and its 200-day simple moving average is C$50.14. The company has a quick ratio of 0.64, a current ratio of 2.26 and a debt-to-equity ratio of 60.08. The stock has a market capitalization of C$2.56 billion, a P/E ratio of 18.24, a P/E/G ratio of 1.11 and a beta of 0.15. North West has a twelve month low of C$44.63 and a twelve month high of C$57.95.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their price objective on shares of North West from C$57.00 to C$56.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Royal Bank Of Canada increased their price objective on shares of North West from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, North West presently has a consensus rating of “Buy” and an average target price of C$59.25.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.