George Weston (OTCMKTS:WNGRF) Releases Earnings Results, Misses Expectations By $0.27 EPS

Key Points

• George Weston reported earnings of $2.21 per share for the quarter, with a return on equity of 12.68% and a net margin of 1.92%.
• The company's stock opened at $192.87 and has a market capitalization of $24.81 billion, with a price-to-earnings ratio of 30.76.
• Analysts have issued ratings updates, with TD Securities restating a "buy" rating and Scotiabank and BMO Capital Markets restating "sector perform" and "market perform" ratings respectively.

George Weston (OTCMKTS:WNGRF - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.48 by ($0.27), Zacks reports. The business had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $14.80 billion. George Weston had a net margin of 1.67% and a return on equity of 12.84%.

George Weston Stock Performance

George Weston stock remained flat at $192.87 during mid-day trading on Wednesday. The company had a trading volume of 22 shares, compared to its average volume of 320. The firm has a market cap of $24.73 billion, a PE ratio of 34.94 and a beta of 0.55. George Weston has a fifty-two week low of $149.46 and a fifty-two week high of $201.47. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 0.77. The firm's 50 day moving average is $196.36 and its 200-day moving average is $177.31.

Analysts Set New Price Targets

A number of analysts have weighed in on WNGRF shares. Scotiabank reiterated a "sector perform" rating on shares of George Weston in a research report on Wednesday, May 7th. BMO Capital Markets reaffirmed a "market perform" rating on shares of George Weston in a report on Wednesday, May 7th. Finally, TD Securities reissued a "buy" rating on shares of George Weston in a research note on Monday.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.