Loblaw Companies (L) Set to Announce Earnings on Wednesday

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

Loblaw Companies (TSE:L) last released 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. 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 the consensus estimate of C$14.58 billion.

Loblaw Companies Trading Down 0.0 %

TSE:L opened at C$152.37 on Monday. Loblaw Companies has a twelve month low of C$110.52 and a twelve month high of C$154.70. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. The business has a 50 day moving average price of C$148.22 and a two-hundred day moving average price of C$132.93. The company has a market cap of C$47.12 billion, a P/E ratio of 23.37, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12.

Loblaw Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were given a dividend of $0.446 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is currently 27.30%.

Wall Street Analyst Weigh In

L has been the topic of a number of analyst reports. BMO Capital Markets upped their price objective on Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. CIBC dropped their price objective 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. National Bankshares upped their price objective on Loblaw Companies from C$153.00 to C$156.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Desjardins upped their price objective on 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. Finally, Scotiabank upped their price objective on Loblaw Companies from C$146.00 to C$148.27 and gave the stock a “sector perform” rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$154.04.

Insiders Place Their Bets

In other news, 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. In other news, 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. Also, Director Willard Galen Garfield Weston sold 13,354 shares of the stock in a transaction on 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. Insiders have sold 71,495 shares of company stock worth $10,547,163 in the last 90 days. Company insiders own 52.69% of the company’s stock.

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.