Loblaw Companies Limited (TSE:L - Free Report) - Investment analysts at National Bank Financial upped their Q3 2024 earnings per share (EPS) estimates for Loblaw Companies in a report issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $2.39 per share for the quarter, up from their prior forecast of $2.33. The consensus estimate for Loblaw Companies' current full-year earnings is $8.49 per share.
L has been the subject of several other reports. Scotiabank increased their price objective on Loblaw Companies from C$137.00 to C$146.00 and gave the company a "sector perform" rating in a research note on Friday, February 23rd. BMO Capital Markets increased their price objective on Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. TD Securities increased their price objective on Loblaw Companies from C$150.00 to C$160.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. CIBC reduced their price objective on Loblaw Companies from C$150.00 to C$149.00 and set an "outperform" rating for the company in a research note on Friday, February 23rd. Finally, Desjardins increased their price objective on Loblaw Companies from C$133.00 to C$148.00 and gave the company a "buy" rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Loblaw Companies currently has an average rating of "Moderate Buy" and an average target price of C$153.71.
Check Out Our Latest Research Report on Loblaw Companies
Loblaw Companies Price Performance
Shares of TSE:L traded up C$0.74 during midday trading on Wednesday, reaching C$149.01. 203,852 shares of the company's stock traded hands, compared to its average volume of 375,234. Loblaw Companies has a 1 year low of C$110.52 and a 1 year high of C$154.70. The company has a market cap of C$46.08 billion, a P/E ratio of 22.85, a PEG ratio of 2.53 and a beta of 0.12. The company has a debt-to-equity ratio of 156.41, a quick ratio of 0.68 and a current ratio of 1.25. The company has a fifty day simple moving average of C$146.04 and a two-hundred day simple moving average of C$131.14.
Loblaw Companies (TSE:L - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.92 by C$0.08. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. The firm had revenue of C$14.53 billion for the quarter, compared to analyst estimates of C$14.58 billion.
Loblaw Companies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were issued a dividend of $0.446 per share. This represents a $1.78 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 14th. Loblaw Companies's dividend payout ratio (DPR) is 27.30%.
Insider Activity at Loblaw Companies
In related news, Senior Officer Frank Gambioli sold 4,603 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. In other news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of Loblaw Companies stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$150.00, for a total value of C$2,487,450.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of Loblaw Companies stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total value of C$662,832.00. Insiders sold 71,495 shares of company stock worth $10,547,163 in the last three months. 52.69% of the stock is owned by company insiders.
Loblaw Companies Company Profile
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Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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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