Loblaw Companies (L) Set to Announce Quarterly Earnings on Wednesday

Loblaw Companies (TSE:L) is scheduled to 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 posted its earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share (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 for the quarter, compared to analysts’ expectations of C$14.58 billion.

Loblaw Companies Stock Performance

Shares of L stock opened at C$152.64 on Tuesday. The firm has a market capitalization of C$47.21 billion, a price-to-earnings ratio of 23.41, a PEG ratio of 2.53 and a beta of 0.12. The stock has a fifty day moving average of C$148.52 and a 200 day moving average of C$133.18. Loblaw Companies has a 52 week low of C$110.52 and a 52 week 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.

Loblaw Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors 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 1.17%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s payout ratio is currently 27.30%.

Analyst Upgrades and Downgrades

L has been the subject of a number of analyst reports. CIBC reduced 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. TD Securities upped their price target 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. National Bankshares increased their price objective on shares of Loblaw Companies from C$153.00 to C$156.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. Desjardins lifted their target price on shares of Loblaw Companies from C$148.00 to C$157.00 and gave the stock a “hold” rating in a report on Monday. Finally, Scotiabank increased their price target on shares of Loblaw Companies from C$146.00 to C$148.27 and gave the company a “sector perform” rating in a report on Monday, April 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Loblaw Companies has a consensus rating of “Moderate Buy” and a consensus price target of C$155.32.

Insider Activity

In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction dated 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, Director Willard Galen Garfield Weston sold 13,354 shares of the company’s stock in a transaction 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. Also, Senior Officer Frank Gambioli sold 4,603 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total value of C$662,832.00. Insiders sold a total of 71,495 shares of company stock valued at $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.