Loblaw Companies (OTCMKTS:LBLCF) Issues Quarterly Earnings Results

Loblaw Companies (OTCMKTS:LBLCF) announced its quarterly earnings data on Thursday. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01), Zacks reports. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%.

Loblaw Companies Stock Down 0.1%

Shares of LBLCF traded down $0.05 during trading hours on Thursday, reaching $46.82. The stock had a trading volume of 4,533 shares, compared to its average volume of 48,562. The firm has a 50-day simple moving average of $45.64 and a 200 day simple moving average of $45.97. Loblaw Companies has a 12 month low of $38.08 and a 12 month high of $50.29. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $54.15 billion and a price-to-earnings ratio of 35.74.

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.