Keep Your Eyes on Stock News: Weis Markets (NYSE:WMK)

Weis Markets (NYSE:WMK) noted trading -18.34% off 52-week high price. On the other end, the stock has been noted 5.26% away from the low price over the last 52-weeks. The stock changed -3.43% to recent value of $36.84. The stock transacted 138004 shares during most recent day however it has an average volume of 62.43K shares. The company has 26.81M of outstanding shares and 16.30M shares were floated in the market.

On March 09, 2020, Weis Markets (NYSE:WMK) notified total sales of over $3.5 billion for the 52-week period ended December 28, 2019, up 1.0 percent compared to the same period a year ago, while annual comparable store sales increased 1.5 percent. Income from operations increased $2.0 million, or 2.4 percent to $84.6 million over the same period in 2018.

The Company’s net income for fiscal year 2019 increased 8.4 percent to $68.0 million compared to $62.7 million in 2018 while earnings per share for the same period increased $0.20 to $2.53 per share.

The Company’s 2019 sales and comparable-store sales continued to benefit from investments in its Low, Low Price (LLP) program which offers price reductions on 7,000 private-brand items. The Company’s sales also benefited from targeted loyalty marketing programs, varied promotions and advertising in key markets.

Its earnings per share (EPS) expected to touch remained 29.20% for this year. WMK has a gross margin of 26.20% and an operating margin of 2.20% while its profit margin remained 1.80% for the last 12 months.

According to the most recent quarter its current ratio was 1.7 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.75% from the mean of 20 days, -4.64% from mean of 50 days SMA and performed -3.60% from mean of 200 days price. Company’s performance for the week was -4.26%, -4.93% for month and YTD performance remained -9.01%.