Empire (TSE:EMP – Get Free Report) was upgraded by analysts at Cibc World Mkts to a “strong-buy” rating in a research note issued to investors on Friday, Zacks.com reports.
Empire Stock Performance
Empire has a fifty-two week low of C$23.00 and a fifty-two week high of C$25.49.
Empire (TSE:EMP – Get Free Report) last issued its quarterly earnings data on Thursday, September 12th. The company reported C$0.90 earnings per share for the quarter, beating the consensus estimate of C$0.88 by C$0.02. The company had revenue of C$8.14 billion for the quarter, compared to the consensus estimate of C$8.07 billion.
Empire Company Profile
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.
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