Loblaw Companies (L) to Release Quarterly Earnings on Wednesday

Loblaw Companies (TSE:L) will announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of C$1.71 per share for the quarter.

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

Loblaw Companies Stock Performance

Shares of TSE L opened at C$150.33 on Wednesday. The company has a debt-to-equity ratio of 156.41, a quick ratio of 0.68 and a current ratio of 1.25. The stock has a 50 day moving average price of C$147.29 and a 200 day moving average price of C$132.16. The stock has a market capitalization of C$46.49 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$154.70.

Loblaw Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were paid a $0.446 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.78 annualized dividend and a yield of 1.19%. Loblaw Companies’s dividend payout ratio is 27.30%.

Insider Transactions at Loblaw Companies

In other news, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. In related news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total value of C$2,487,450.00. Insiders have sold 71,495 shares of company stock worth $10,547,163 in the last 90 days. Insiders own 52.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on L. BMO Capital Markets increased their target price on Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Scotiabank raised their price objective on Loblaw Companies from C$146.00 to C$148.27 and gave the company a “sector perform” rating in a report on Monday. Royal Bank of Canada lifted their target price on Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. National Bankshares lifted their price objective on Loblaw Companies from C$153.00 to C$156.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, CIBC lowered their price objective on Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating for the company in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Loblaw Companies currently has an average rating of “Moderate Buy” and an average price target of C$154.04.

Loblaw Companies Company Profile

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.