George Weston (TSE:WN) Announces Earnings Results

George Weston (TSE:WN) issued its quarterly earnings data on Friday. The company reported C$1.08 EPS for the quarter, FiscalAI reports. George Weston had a return on equity of 20.42% and a net margin of 1.59%.The company had revenue of C$15.20 billion for the quarter.

George Weston Trading Up 0.2%

Shares of WN opened at C$104.77 on Friday. George Weston has a 52-week low of C$82.77 and a 52-week high of C$107.94. The company has a quick ratio of 0.73, a current ratio of 1.05 and a debt-to-equity ratio of 169.28. The firm’s fifty day moving average is C$101.85 and its two-hundred day moving average is C$99.21. The stock has a market cap of C$39.50 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 5.03 and a beta of 0.31.

Analyst Ratings Changes

Several equities research analysts recently commented on WN shares. Scotia cut their price target on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce dropped their target price on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Finally, BMO Capital Markets raised shares of George Weston from a “hold” rating to an “outperform” rating and boosted their target price for the stock from C$103.00 to C$113.00 in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, George Weston currently has an average rating of “Moderate Buy” and a consensus target price of C$111.00.

George Weston Company Profile

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.