Loblaw Companies Limited (TSE:L) Forecasted to Earn FY2022 Earnings of $6.80 Per Share

Loblaw Companies Limited (TSE:LGet Rating) – Research analysts at Atb Cap Markets lifted their FY2022 earnings estimates for Loblaw Companies in a report issued on Wednesday, November 16th. Atb Cap Markets analyst K. Tyghe now expects that the company will post earnings per share of $6.80 for the year, up from their prior forecast of $6.71. The consensus estimate for Loblaw Companies’ current full-year earnings is $7.36 per share. Atb Cap Markets also issued estimates for Loblaw Companies’ Q2 2023 earnings at $1.88 EPS, Q3 2023 earnings at $2.16 EPS, Q4 2023 earnings at $1.84 EPS, FY2023 earnings at $7.43 EPS, Q1 2024 earnings at $1.70 EPS, Q2 2024 earnings at $1.97 EPS, Q3 2024 earnings at $2.41 EPS and FY2024 earnings at $8.01 EPS.

A number of other research analysts have also recently commented on L. National Bankshares raised their price target on shares of Loblaw Companies from C$126.00 to C$130.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada raised their price target on shares of Loblaw Companies from C$154.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. CIBC raised their price objective on shares of Loblaw Companies from C$136.00 to C$145.00 and gave the stock an “outperform” rating in a report on Thursday. TD Securities raised their price objective on shares of Loblaw Companies from C$130.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. Finally, ATB Capital raised their price objective on shares of Loblaw Companies from C$135.00 to C$140.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$135.44.

Loblaw Companies Stock Up 0.3 %

Shares of L opened at C$110.94 on Friday. The stock has a market cap of C$36.35 billion and a price-to-earnings ratio of 18.74. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 152.06. Loblaw Companies has a 12 month low of C$90.46 and a 12 month high of C$124.77. The company has a 50-day moving average price of C$111.31 and a two-hundred day moving average price of C$114.50.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, December 14th. Loblaw Companies’s dividend payout ratio is currently 25.34%.

Loblaw Companies Company Profile

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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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Earnings History and Estimates for Loblaw Companies (TSE:L)

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