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

Loblaw Companies Limited (TSE:L) – Research analysts at National Bank Financial upped their FY2024 earnings per share estimates for Loblaw Companies in a report released on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $8.40 per share for the year, up from their previous forecast 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 announced its quarterly earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.92 by C$0.08. The business had revenue of C$14.53 billion for the quarter, compared to analysts’ expectations of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%.

Other equities analysts have also issued reports about the company. CIBC decreased their price target on Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. TD Securities increased their price target on Loblaw Companies from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Royal Bank of Canada increased their price target on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Scotiabank boosted their target price on Loblaw Companies from C$137.00 to C$146.00 and gave the stock a “sector perform” rating in a research report on Friday, February 23rd. Finally, Desjardins boosted their target price on Loblaw Companies from C$133.00 to C$148.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$153.71.

Loblaw Companies Stock Down 0.6 %

Shares of Loblaw Companies stock opened at C$148.27 on Tuesday. Loblaw Companies has a twelve month low of C$110.52 and a twelve month high of C$154.70. The stock has a market capitalization of C$45.85 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.53 and a beta of 0.12. The business’s 50 day simple moving average is C$145.76 and its 200-day simple moving average is C$131.02. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41.

Insider Transactions at Loblaw Companies

In other news, Director Willard Galen Garfield Weston sold 13,354 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$145.84, for a total transaction of C$1,947,558.04. In related news, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. Also, Director Willard Galen Garfield Weston sold 13,354 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$145.84, for a total value of C$1,947,558.04. In the last quarter, insiders sold 71,495 shares of company stock worth $10,547,163. 52.69% of the stock is owned by corporate insiders.

Loblaw Companies Announces Dividend

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

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.