Village Super Market (NASDAQ:VLGEA) Announces Earnings Results

Village Super Market (NASDAQ:VLGEA) posted its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, Zacks reports. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%.

Village Super Market Stock Performance

Shares of NASDAQ VLGEA opened at $43.16 on Tuesday. The business’s 50-day moving average price is $43.87 and its two-hundred day moving average price is $43.20. Village Super Market has a one year low of $30.08 and a one year high of $48.21. The company has a market capitalization of $639.20 million, a P/E ratio of 11.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.88.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Village Super Market’s payout ratio is presently 27.17%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a research report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Village Super Market Company Profile

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company operates retail grocery stores under the ShopRite and Fairway Market banners, serving customers in the northeastern United States.

Its supermarkets offer a broad selection of fresh produce, meat, seafood, dairy products, bakery items, prepared foods, packaged groceries, household merchandise and health and beauty products. Stores also provide services such as online grocery ordering, pickup and delivery, pharmacy services at select locations, and other customer-focused offerings.

Village Super Market has a long operating history dating to 1937 and is a member of Wakefern Food Corp., the cooperative that supplies and supports ShopRite supermarkets.