North West (TSE:NWC) Posts Quarterly Earnings Results

North West (TSE:NWC) posted its earnings results on Tuesday. The company reported C$0.56 EPS for the quarter, FiscalAI reports. The company had revenue of C$631.63 million for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.

North West Stock Down 4.1%

Shares of NWC traded down C$2.03 during mid-day trading on Thursday, hitting C$47.80. 475,680 shares of the company traded hands, compared to its average volume of 155,377. The company has a market capitalization of C$2.27 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.11 and a beta of 0.00. The company has a quick ratio of 0.64, a current ratio of 2.10 and a debt-to-equity ratio of 54.91. The business has a 50 day moving average of C$52.01 and a 200 day moving average of C$51.66. North West has a 1-year low of C$44.63 and a 1-year high of C$56.77.

North West Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.4%. North West’s dividend payout ratio is presently 56.45%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NWC. Royal Bank Of Canada cut their target price on North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets cut their target price 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. TD Securities raised North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to MarketBeat, North West presently has an average rating of “Buy” and a consensus target price of C$59.33.

About North West

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.