Loblaw Companies Limited (TSE:L – Free Report) – Research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Loblaw Companies in a research note issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $8.40 per share for the year, up from their previous estimate of $8.35. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.37 EPS and FY2025 earnings at $9.16 EPS.
Loblaw Companies (TSE:L – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion.
Loblaw Companies Price Performance
L stock opened at C$149.01 on Tuesday. 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 has a 52-week low of C$110.52 and a 52-week high of C$154.70. The stock’s 50 day moving average is C$146.04 and its two-hundred day moving average is C$131.14. The company has a market capitalization of C$46.08 billion, a PE ratio of 22.85, a P/E/G ratio of 2.53 and a beta of 0.12.
Insider Transactions at Loblaw Companies
In related news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction on 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 related news, Director Willard Galen Garfield Weston sold 13,354 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$145.84, for a total transaction of C$1,947,558.04. Also, 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. Insiders have sold 71,495 shares of company stock valued at $10,547,163 over the last three months. Company insiders own 52.69% of the company’s stock.
Loblaw Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.446 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.30%.
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.
Read More
- Five stocks we like better than Loblaw Companies
- How to Evaluate a Stock Before BuyingÂ
- United Airlines Soars on Earnings Beat
- Using the MarketBeat Dividend Yield Calculator
- J.B. Hunt Hits the Skids: Lower Prices to Come
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Loblaw Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loblaw Companies and related companies with MarketBeat.com's FREE daily email newsletter.