Corby Spirit and Wine (TSE:CSW.A) Stock Price Up 0.8% – Should You Buy?

Corby Spirit and Wine Ltd (TSE:CSW.A) shares shot up 0.8% on Thursday. The company traded as high as C$16.70 and last traded at C$16.08. 11,958 shares changed hands during trading, a decline of 20% from the average daily volume of 14,874 shares. The stock had previously closed at C$15.96.

Corby Spirit and Wine Price Performance

The company has a market capitalization of C$457.78 million, a P/E ratio of 13.74 and a beta of -0.13. The business’s 50-day moving average is C$15.50 and its two-hundred day moving average is C$15.20. The company has a quick ratio of 1.77, a current ratio of 2.34 and a debt-to-equity ratio of 77.55.

Corby Spirit and Wine (TSE:CSW.A) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$0.46 earnings per share (EPS) for the quarter. Corby Spirit and Wine had a net margin of 10.41% and a return on equity of 13.22%. The business had revenue of C$72.49 million during the quarter. As a group, analysts predict that Corby Spirit and Wine Ltd will post 0.99 earnings per share for the current year.

Corby Spirit and Wine Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 25th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $1.00 annualized dividend and a dividend yield of 6.2%. This is an increase from Corby Spirit and Wine’s previous quarterly dividend of $0.24. Corby Spirit and Wine’s payout ratio is 80.34%.

Corby Spirit and Wine Company Profile

Corby Spirit and Wine Limited (‘Corby’) is a leading Canadian manufacturer, marketer and distributor of spirits, wines and ready-to-drink beverages. Corby’s portfolio of owned-brands includes some of the most renowned brands in Canada, including J.P. Wiser’s, Lot 40, and Pike Creek Canadian whiskies, Polar Ice vodka, Lamb’s rum, and McGuinness liqueurs, Cottage Springs and Nude ready-to-drink beverages, as well as Ungava gin, Cabot Trail maple-based liqueurs, and Foreign Affair wines. Pernod Ricard S.A. indirectly owns in excess of 50% of Corby’s issued and outstanding voting common shares and is considered to be Corby’s ultimate parent.