North West (TSE:NWC) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

North West (TSE:NWC) announced its quarterly earnings data on Wednesday. The company reported C$0.73 EPS for the quarter, topping analysts’ consensus estimates of C$0.71 by C$0.02, reports. The firm had revenue of C$646.49 million during the quarter. North West had a return on equity of 20.19% and a net margin of 5.37%.

North West Price Performance

North West stock opened at C$48.92 on Friday. The company has a current ratio of 2.14, a quick ratio of 0.64 and a debt-to-equity ratio of 60.46. The firm has a market capitalization of C$2.33 billion, a P/E ratio of 17.66, a PEG ratio of 1.11 and a beta of 0.63. The business has a 50-day moving average of C$43.90 and a 200-day moving average of C$41.03. North West has a 1 year low of C$29.58 and a 1 year high of C$50.36.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. CIBC raised their target price on shares of North West from C$43.00 to C$44.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. TD Securities increased their price objective on shares of North West from C$47.00 to C$52.00 in a report on Tuesday, July 16th. Finally, BMO Capital Markets lifted their target price on shares of North West from C$41.00 to C$44.00 in a report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$44.60.

Insider Activity at North West

In related news, Director George Mcconnell Daniel sold 5,665 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$42.54, for a total transaction of C$240,989.10. In related news, Director George Mcconnell Daniel sold 5,665 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$42.54, for a total transaction of C$240,989.10. Also, Senior Officer John King sold 5,230 shares of North West stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$42.70, for a total value of C$223,321.00. Insiders have sold 11,662 shares of company stock worth $497,015 in the last ninety days. Company insiders own 0.12% of the company’s stock.

About North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.