George Weston (OTCMKTS:WNGRF) Announces Earnings Results

Key Points

• EPS miss: George Weston reported quarterly EPS of $0.87 vs. the $0.91 consensus and revenue of $12.04 billion vs. $16.89 billion expected, with a return on equity of 13.21% and a net margin of 2.37%.
• The stock fell about 4.4% to $69.86 on Thursday on thin volume (226 shares vs. an average of 2,150), and the company trades with a market cap of ~$26.5 billion and a P/E of 25.8.
• Analysts remain generally positive with four Buy and two Hold ratings — the consensus on MarketBeat is a "Moderate Buy" after multiple Canadian banks reiterated buy/perform views.

George Weston (OTCMKTS:WNGRF - Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04), Zacks reports. The business had revenue of $12.04 billion for the quarter, compared to analyst estimates of $16.89 billion. George Weston had a return on equity of 13.21% and a net margin of 2.37%.

George Weston Stock Down 4.4%

WNGRF stock traded down $3.25 during midday trading on Thursday, hitting $69.86. The company's stock had a trading volume of 226 shares, compared to its average volume of 2,150. The firm's 50-day moving average is $70.94 and its 200-day moving average is $66.47. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. George Weston has a 12 month low of $52.83 and a 12 month high of $75.92. The company has a market cap of $26.51 billion, a PE ratio of 25.78 and a beta of 0.55.

Analysts Set New Price Targets

WNGRF has been the subject of several analyst reports. BMO Capital Markets reissued a "market perform" rating on shares of George Weston in a research note on Monday, November 17th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of George Weston in a report on Monday, November 17th. Desjardins reaffirmed a "buy" rating on shares of George Weston in a research report on Monday, November 17th. Royal Bank Of Canada restated an "outperform" rating on shares of George Weston in a research note on Monday, November 17th. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of George Weston in a research report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

George Weston Company Profile

George Weston Limited OTCMKTS: WNGRF is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada's largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.

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