George Weston (OTCMKTS:WNGRF) Issues Earnings Results

George Weston (OTCMKTS:WNGRF) announced its quarterly earnings data on Friday. The company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05), Zacks reports. George Weston had a net margin of 1.74% and a return on equity of 13.95%. The company had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.72 billion.

George Weston Price Performance

WNGRF stock opened at $74.95 on Friday. George Weston has a 52 week low of $60.17 and a 52 week high of $75.92. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.06. The company has a fifty day simple moving average of $72.21 and a two-hundred day simple moving average of $71.35. The firm has a market capitalization of $28.04 billion, a P/E ratio of 40.38 and a beta of 0.47.

Analyst Ratings Changes

Separately, BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.