North West Co Inc (TSE:NWC) announced its quarterly earnings results on October 15, 2023, revealing an earnings per share (EPS) of C$0.82 for the third quarter. The company generated revenues of C$634.32 million during this period, according to FiscalAI. North West’s financial performance also included a net margin of 5.14% and a return on equity of 18.43%.
During midday trading on the same day, North West’s stock increased by 1.6%, rising C$0.76 to reach C$49.58. A total of 123,837 shares exchanged hands, slightly below the average trading volume of 137,183 shares. The firm currently holds a market capitalization of C$2.37 billion, alongside a price-to-earnings (P/E) ratio of 17.46, a price-to-earnings-growth (P/E/G) ratio of 1.11, and a beta of -0.03.
Quarterly Dividend Announcement
In addition to its earnings report, North West announced a quarterly dividend of C$0.41 per share, which was issued to stockholders of record on October 15, 2023. The ex-dividend date was September 29, 2023. This dividend translates to an annualized payout of C$1.64 and reflects a dividend yield of 3.3%. The company’s payout ratio stands at 56.34%.
North West maintains a debt-to-equity ratio of 59.78, a current ratio of 2.16, and a quick ratio of 0.64. The company’s stock has seen a 50-day moving average price of C$47.25 and a 200-day moving average price of C$48.88. Over the past year, shares have fluctuated, reaching a low of C$44.48 and a high of C$57.95.
About North West Co Inc
North West Co Inc specializes in retail operations, focusing on underserved rural communities and urban neighborhoods across Canada. The company offers a range of products, including food, family apparel, housewares, appliances, and outdoor goods, with food products contributing the majority of its revenue.
With these latest financial results, North West continues to demonstrate its resilient market position, providing insights into its operational strategies and future outlook.
