North West (TSE:NWC) Posts Quarterly Earnings Results

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

North West Price Performance

Shares of TSE NWC traded down C$2.03 during midday trading on Thursday, hitting C$47.80. 475,680 shares of the company’s stock were exchanged, compared to its average volume of 155,377. The company has a current ratio of 2.10, a quick ratio of 0.64 and a debt-to-equity ratio of 54.91. The business’s fifty day moving average price is C$52.01 and its two-hundred day moving average price is C$51.66. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.11 and a beta of 0.00. North West has a 12-month low of C$44.63 and a 12-month high of C$56.77.

North West Dividend Announcement

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

Analysts Set New Price Targets

NWC has been the topic of a number of recent research reports. BMO Capital Markets dropped their price target on North West from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Thursday. Royal Bank Of Canada reduced their target price on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday. Canadian Imperial Bank of Commerce dropped their price target on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, TD Securities raised shares of North West to a “strong-buy” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, North West presently has a consensus 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.