Loblaw Companies (TSE:L – Get Rating) will be announcing its earnings results before the market opens on Wednesday, July 27th. Analysts expect the company to announce earnings of C$1.59 per share for the quarter.
Loblaw Companies (TSE:L – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported C$1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.31 by C$0.05. The firm had revenue of C$12.26 billion for the quarter, compared to the consensus estimate of C$12.36 billion.
Loblaw Companies Stock Down 0.1 %
L stock opened at C$118.33 on Wednesday. The company has a debt-to-equity ratio of 142.06, a current ratio of 1.39 and a quick ratio of 0.77. The company has a 50-day moving average of C$114.87 and a two-hundred day moving average of C$109.77. Loblaw Companies has a 52-week low of C$78.91 and a 52-week high of C$123.18. The stock has a market capitalization of C$39.40 billion and a price-to-earnings ratio of 20.23.
Loblaw Companies Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. National Bankshares increased their target price on shares of Loblaw Companies from C$122.00 to C$125.00 and gave the company an “outperform” rating in a research note on Wednesday, July 6th. Royal Bank of Canada increased their target price on shares of Loblaw Companies from C$120.00 to C$133.00 and gave the company an “outperform” rating in a research note on Thursday, April 28th. Finally, Desjardins increased their target price on shares of Loblaw Companies from C$110.00 to C$116.00 in a research note on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$112.80.
Insiders Place Their Bets
In other Loblaw Companies news, Director Richard Dufresne sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of C$112.55, for a total transaction of C$562,772.00. Following the completion of the transaction, the director now owns 5,884 shares in the company, valued at C$662,270.09.
Loblaw Companies Company Profile
Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.
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