Loblaw Companies (LBLCF) Projected to Announce Earnings on Thursday

Loblaw Companies (OTCMKTS:LBLCF) is expected to be posting its resultson Thursday, July 30th. Analysts expect the company to post earnings of $0.4562 per share and revenue of $10.6102 billion for the quarter.

Loblaw Companies (OTCMKTS:LBLCF) last announced its earnings results on Wednesday, May 6th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Loblaw Companies had a return on equity of 25.89% and a net margin of 4.25%.The company had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.47 billion.

Loblaw Companies Stock Performance

Shares of LBLCF opened at $45.46 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 1.09. Loblaw Companies has a twelve month low of $38.08 and a twelve month high of $50.29. The firm’s 50 day moving average price is $45.55 and its two-hundred day moving average price is $45.93. The firm has a market cap of $52.58 billion and a P/E ratio of 34.70.

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.