George Weston (WN) Scheduled to Post Earnings on Tuesday

George Weston (TSE:WN) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th.

George Weston (TSE:WN) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The company had revenue of C$14.70 billion for the quarter.

George Weston Price Performance

Shares of WN stock opened at C$185.50 on Friday. George Weston has a twelve month low of C$144.41 and a twelve month high of C$187.93. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 158.23. The stock has a fifty day simple moving average of C$180.73 and a two-hundred day simple moving average of C$169.76. The stock has a market capitalization of C$24.93 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.70 and a beta of 0.38.

George Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a $0.713 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.85 annualized dividend and a dividend yield of 1.54%. George Weston’s dividend payout ratio is currently 26.51%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. CIBC lifted their target price on George Weston from C$213.00 to C$222.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. BMO Capital Markets increased their target price on shares of George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their price target on shares of George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, TD Securities increased their price objective on George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a report on Monday, February 26th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$201.00.

Insider Activity at George Weston

In other news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total transaction of C$422,079.10. In related news, Senior Officer Rashid Wasti sold 1,086 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of C$176.24, for a total value of C$191,393.60. Also, Senior Officer Andrew Michael Bunston sold 2,303 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of C$183.27, for a total transaction of C$422,079.10. Insiders sold a total of 151,008 shares of company stock worth $24,350,724 in the last three months. Company insiders own 58.56% of the company’s stock.

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.