Loblaw Companies Limited (TSE:L – Free Report) – National Bank Financial reduced their FY2024 earnings per share estimates for shares of Loblaw Companies in a report released on Sunday, January 26th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $8.55 per share for the year, down from their previous estimate of $8.56. The consensus estimate for Loblaw Companies’ current full-year earnings is $9.12 per share. National Bank Financial also issued estimates for Loblaw Companies’ FY2025 earnings at $9.31 EPS.
Other research analysts have also issued research reports about the company. Royal Bank of Canada lifted their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. UBS Group set a C$225.00 price objective on shares of Loblaw Companies and gave the stock a “buy” rating in a report on Friday, December 13th. TD Securities dropped their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th. Desjardins upped their target price on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Finally, National Bankshares raised their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$201.88.
Loblaw Companies Stock Up 0.2 %
Shares of TSE:L opened at C$184.93 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The firm has a market cap of C$56.48 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 12-month low of C$132.55 and a 12-month high of C$196.49. The company has a fifty day simple moving average of C$186.47 and a 200 day simple moving average of C$178.56.
Insider Activity at Loblaw Companies
In related news, Director Christie James Beckett Clark sold 2,105 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total transaction of C$399,297.45. 53.77% of the stock is owned by insiders.
Loblaw Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 30th were issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, December 13th. Loblaw Companies’s dividend payout ratio (DPR) is 31.06%.
About Loblaw Companies
Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.
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