Loblaw Companies (OTCMKTS:LBLCF) Releases Earnings Results, Misses Expectations By $0.01 EPS

Loblaw Companies (OTCMKTS:LBLCF) posted its quarterly earnings data on Wednesday. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01), Zacks reports. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.80%. The firm had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.47 billion.

Loblaw Companies Trading Up 0.0%

LBLCF traded up $0.02 during trading on Friday, hitting $44.20. The company’s stock had a trading volume of 1,082 shares, compared to its average volume of 14,730. Loblaw Companies has a twelve month low of $37.99 and a twelve month high of $50.29. The stock has a market cap of $51.38 billion and a PE ratio of 46.53. The firm’s 50 day moving average price is $45.73 and its 200-day moving average price is $45.07. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.08 and a quick ratio of 0.61.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.