Q3 2024 EPS Estimates for Loblaw Companies Limited Boosted by Analyst (TSE:L)

Loblaw Companies Limited (TSE:L) – Equities researchers at National Bank Financial raised their Q3 2024 earnings per share estimates for Loblaw Companies in a research note issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings per share of $2.39 for the quarter, up from their previous estimate of $2.33. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.49 per share.

L has been the topic of a number of other research reports. National Bankshares upped their target price on Loblaw Companies from C$153.00 to C$156.00 and gave the company an “outperform” rating in a research note on Monday. TD Securities upped their target price 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. Scotiabank upped their target price on Loblaw Companies from C$137.00 to C$146.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. BMO Capital Markets upped their target price on Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Finally, CIBC reduced their target price on Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Loblaw Companies currently has an average rating of “Moderate Buy” and an average target price of C$153.71.

Loblaw Companies Stock Down 0.5 %

L opened at C$148.23 on Wednesday. The business’s 50-day simple moving average is C$146.32 and its 200-day simple moving average is C$131.26. The company has a debt-to-equity ratio of 156.41, a quick ratio of 0.68 and a current ratio of 1.25. Loblaw Companies has a one year low of C$110.52 and a one year high of C$154.70. The stock has a market capitalization of C$45.84 billion, a P/E ratio of 22.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12.

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

Insider Activity at Loblaw Companies

In related news, Director Willard Galen Garfield Weston sold 13,354 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$145.84, for a total value of C$1,947,558.04. In other news, Director Willard Galen Garfield Weston sold 13,354 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$145.84, for a total transaction of C$1,947,558.04. Also, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$146.00, for a total transaction of C$1,460,000.00. Insiders have sold 71,495 shares of company stock worth $10,547,163 over the last ninety days. Company insiders own 52.69% of the company’s stock.

Loblaw Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were issued a $0.446 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.78 annualized dividend and a yield of 1.20%. Loblaw Companies’s dividend payout ratio 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.