Loblaw Companies Limited (TSE:L) Expected to Earn FY2024 Earnings of $8.40 Per Share

Loblaw Companies Limited (TSE:L) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Loblaw Companies in a research note issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $8.40 for the year, up from their prior 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 posted its 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 company had revenue of C$14.53 billion for the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%.

L has been the subject of several other research reports. TD Securities upped 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. CIBC reduced their price objective on shares of 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. BMO Capital Markets increased their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Royal Bank of Canada boosted their target price on Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, 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 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, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus price target of C$153.71.

Loblaw Companies Trading Up 0.5 %

Shares of Loblaw Companies stock opened at C$149.01 on Tuesday. 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 stock has a fifty day simple moving average of C$146.04 and a 200 day simple moving average of C$131.14. Loblaw Companies has a 12-month low of C$110.52 and a 12-month high of C$154.70. The company has a market capitalization of C$46.08 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12.

Loblaw Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were paid a $0.446 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 14th. Loblaw Companies’s payout ratio is 27.30%.

Insider Activity

In other Loblaw Companies news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the 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 other news, Director Willard Galen Garfield Weston sold 13,354 shares of Loblaw Companies 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. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the business’s stock in a transaction 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 sold 71,495 shares of company stock valued at $10,547,163 in the last three months. 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.