Loblaw Companies (OTCMKTS:LBLCF) Issues Quarterly Earnings Results

Loblaw Companies (OTCMKTS:LBLCF) issued its quarterly earnings results on Wednesday. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03), Zacks reports. Loblaw Companies had a return on equity of 25.38% and a net margin of 4.13%.The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $12.23 billion.

Loblaw Companies Stock Down 0.3%

Shares of Loblaw Companies stock traded down $0.15 during trading hours on Friday, reaching $46.55. The company’s stock had a trading volume of 120,525 shares, compared to its average volume of 16,352. The company has a market capitalization of $54.55 billion and a P/E ratio of 93.10. The stock’s fifty day simple moving average is $46.52 and its two-hundred day simple moving average is $48.38. Loblaw Companies has a one year low of $31.16 and a one year high of $50.29. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.74 and a current ratio of 1.35.

About Loblaw Companies

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.