Loblaw Companies (OTCMKTS:LBLCF) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Loblaw Companies (OTCMKTS:LBLCF) released its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01), Zacks reports. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.80%. The company had revenue of $10.41 billion for the quarter, compared to the consensus estimate of $10.47 billion.

Loblaw Companies Trading Up 0.8%

Loblaw Companies stock opened at $44.20 on Friday. The firm has a 50 day moving average of $45.73 and a 200 day moving average of $45.07. The firm has a market capitalization of $51.38 billion and a price-to-earnings ratio of 46.53. Loblaw Companies has a 12-month low of $37.98 and a 12-month high of $50.29. The company has a current ratio of 1.08, a quick ratio of 0.61 and a debt-to-equity ratio of 1.32.

About Loblaw Companies

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.