Analysts Set Expectations for Empire’s Q4 2019 Earnings (TSE:EMP)

Empire (TSE:EMP) – Equities research analysts at Raymond James issued their Q4 2019 EPS estimates for Empire in a research note issued on Friday, June 21st. Raymond James analyst K. Tyghe expects that the company will post earnings per share of $0.43 for the quarter. Raymond James also issued estimates for Empire’s Q1 2020 earnings at $0.49 EPS, Q2 2020 earnings at $0.48 EPS, Q3 2020 earnings at $0.52 EPS, FY2020 earnings at $2.00 EPS, Q1 2021 earnings at $0.52 EPS, Q2 2021 earnings at $0.53 EPS, Q3 2021 earnings at $0.56 EPS, Q4 2021 earnings at $0.54 EPS and FY2021 earnings at $2.15 EPS.

Separately, Desjardins lowered Empire from a “buy” rating to a “hold” rating in a report on Monday, March 11th.

Empire has a fifty-two week low of C$23.00 and a fifty-two week high of C$25.49.

About Empire

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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Earnings History and Estimates for Empire (TSE:EMP)

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