Weis Markets Inc. (NYSE: WMK) has reported earnings for its second fiscal quarter (ending June 30) of $0.98 versus $1.27 for the same period a year ago — a decline of -23%. E.P.S. were $3.46 for the latest four quarters through June 30 versus $4.37 for the same period a year ago — a decline of -21%.
Recent Price Action
Weis Markets Inc. (NYSE: WMK) stock closed at $68.92 on 8/6/24 after a slight decline of -0.8%. Moreover, trading volume in this decline was above average at 122% of normal. The stock has declined -7.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
WMK’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Weis Markets has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Weis Markets has a neutral Appreciation Score of 54 and a neutral Power Rating of 56, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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