National Bank Financial Analysts Boost Earnings Estimates for Loblaw Companies Limited (TSE:L)

Loblaw Companies Limited (TSE:L) – Equities researchers at National Bank Financial lifted their Q3 2024 earnings per share (EPS) estimates for shares of Loblaw Companies in a report issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now expects 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 topic of a number of other research reports. Royal Bank of Canada increased their price objective on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. BMO Capital Markets lifted their price target on Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Scotiabank increased their price objective on Loblaw Companies from C$137.00 to C$146.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Desjardins lifted their target price 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. Finally, TD Securities increased their price target on Loblaw Companies from C$150.00 to C$160.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$153.71.

Loblaw Companies Stock Performance

Shares of TSE L opened at C$149.01 on Wednesday. The stock has a market capitalization of C$46.08 billion, a P/E ratio of 22.85, a P/E/G ratio of 2.53 and a beta of 0.12. The firm’s 50-day moving average price is C$146.04 and its two-hundred day moving average price is C$131.14. Loblaw Companies has a 52-week low of C$110.52 and a 52-week high of C$154.70. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41.

Loblaw Companies (TSE:L) last posted its quarterly earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.92 by C$0.08. The business had revenue of C$14.53 billion for the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%.

Loblaw Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, April 1st were given a dividend of $0.446 per share. This represents a $1.78 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s payout ratio is 27.30%.

Insiders Place Their Bets

In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of Loblaw Companies stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of Loblaw Companies stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$150.00, for a total value of C$2,487,450.00. In the last ninety days, insiders sold 71,495 shares of company stock worth $10,547,163. 52.69% of the stock is currently owned by company insiders.

Loblaw Companies Company Profile

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.