Loblaw Companies (L) to Release Quarterly Earnings on Thursday

Loblaw Companies (TSE:LGet Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of C$1.91 per share for the quarter.

Loblaw Companies Price Performance

Shares of TSE L opened at C$139.02 on Wednesday. Loblaw Companies has a 1-year low of C$110.52 and a 1-year high of C$140.18. The business has a 50-day moving average of C$130.65 and a 200-day moving average of C$122.05. The company has a debt-to-equity ratio of 154.39, a current ratio of 1.26 and a quick ratio of 0.68. The company has a market capitalization of C$43.98 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 1.66 and a beta of 0.10.

Loblaw Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, December 30th. Investors of record on Saturday, December 30th were issued a $0.446 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, December 14th. Loblaw Companies’s dividend payout ratio is currently 27.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. TD Securities upped their price objective on Loblaw Companies from C$140.00 to C$150.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Scotiabank increased their price objective on Loblaw Companies from C$127.00 to C$137.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 23rd. Royal Bank of Canada increased their price objective on Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. CIBC decreased their price objective on Loblaw Companies from C$152.00 to C$150.00 and set an “outperform” rating for the company in a report on Thursday, November 16th. Finally, National Bankshares increased their price objective on Loblaw Companies from C$142.00 to C$149.00 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus price target of C$145.86.

Check Out Our Latest Report on Loblaw Companies

Insider Activity at Loblaw Companies

In related news, Senior Officer Jeffrey Francis Leger sold 8,140 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of C$123.50, for a total transaction of C$1,005,290.00. In other Loblaw Companies news, Director William Downe bought 4,485 shares of Loblaw Companies stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of C$122.72 per share, with a total value of C$550,405.93. Also, Senior Officer Jeffrey Francis Leger sold 8,140 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of C$123.50, for a total value of C$1,005,290.00. Corporate insiders own 54.69% of the company’s stock.

Loblaw Companies Company Profile

(Get Free Report)

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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Earnings History for Loblaw Companies (TSE:L)

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