The Unprecedented Rise of Weis Markets Inc. (NYSE:WMK)

The Unprecedented Rise of Weis Markets Inc. (NYSE:WMK)

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The Weis Markets Inc. (WMK) shares are trading at higher $47.53.

To add more color to this target, the company’s high over the last year is $59.39 and the low is $32.44. Over the last 52 weeks, WMK is down -19.97% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, WMK reported a profit of $264.15 million. Weis Markets Inc. also saw revenues increase to $985.82 million. In addition, WMK has free cash flow of $99.92 million as of 03-2020 The company’s EBITDA came in at $61.31 million which compares well with its peers.

WMK booked profit margins of 2.20%, its Return on Equity (ROE) is 7.60%, and its Return on Assets is 4.80%. All told, it is clear that, WMK needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WMK has a short ratio of 8.77 and outstanding shares of 26.90M.

Company Outlook

WMK has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.19 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.99. Weis Markets Inc. WMK also noted assets of $1.72 billion at the end of the last quarter. Investors should also keep an eye on sector updates as WMK has historically followed its peers on positive news.

All told, Weis Markets Inc. WMK has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WMK represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Weis Markets Inc. WMK is now commanding a market cap of 1.32B and a float of 16.30M. WMK is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WMK stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in WMK, either long or short, and we have not been compensated for this article.