Loblaw Companies Limited to Post FY2024 Earnings of $8.40 Per Share, National Bank Financial Forecasts (TSE:L)

Loblaw Companies Limited (TSE:L) – Analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Loblaw Companies in a research note issued to investors on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $8.40 for the year, up from their previous estimate of $8.35. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.37 EPS and FY2025 earnings at $9.16 EPS.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 EPS for the quarter, topping the consensus estimate of C$1.92 by C$0.08. The company had revenue of C$14.53 billion during the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%.

Several other research firms have also recently issued reports on L. Desjardins increased their target price on shares of Loblaw Companies from C$133.00 to C$148.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets increased their target price on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. TD Securities increased their target price on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. National Bankshares increased their target price on shares of Loblaw Companies from C$153.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Scotiabank increased their target price on shares of Loblaw Companies from C$137.00 to C$146.00 and gave the stock a “sector perform” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of C$153.71.

Loblaw Companies Stock Down 0.6 %

L opened at C$148.27 on Tuesday. Loblaw Companies has a 12 month low of C$110.52 and a 12 month high of C$154.70. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41. The company has a market cap of C$45.85 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The company has a 50 day moving average of C$145.76 and a 200 day moving average of C$131.02.

Insider Activity

In other news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total transaction of C$2,487,450.00. In related news, Senior Officer Frank Gambioli sold 4,603 shares of Loblaw Companies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total value of C$662,832.00. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of Loblaw Companies stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$150.00, for a total transaction of C$2,487,450.00. In the last quarter, insiders have sold 71,495 shares of company stock worth $10,547,163. 52.69% of the stock is currently owned by corporate insiders.

Loblaw Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.446 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is currently 27.30%.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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.