TSE:L Q3 EPS Estimate Boosted by National Bank Financial

Loblaw Companies Limited (TSE:L) – Investment analysts at National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for Loblaw Companies in a research note issued on Wednesday, October 16th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $2.44 per share for the quarter, up from their previous forecast of $2.41. The consensus estimate for Loblaw Companies’ current full-year earnings is $9.12 per share. National Bank Financial also issued estimates for Loblaw Companies’ FY2024 earnings at $8.52 EPS, Q3 2025 earnings at $2.66 EPS, FY2025 earnings at $9.31 EPS and FY2026 earnings at $10.11 EPS.

L has been the subject of a number of other reports. CIBC increased their price target on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. BMO Capital Markets increased their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Desjardins boosted their price target on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. TD Securities upped their price target on shares of Loblaw Companies from C$172.00 to C$186.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Finally, National Bankshares lifted their price objective on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$178.29.

Loblaw Companies Trading Down 0.1 %

Loblaw Companies stock opened at C$177.23 on Friday. The company has a 50 day moving average price of C$174.90 and a 200 day moving average price of C$163.96. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$182.19. The firm has a market capitalization of C$54.12 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 3.23 and a beta of 0.17.

Loblaw Companies (TSE:L) last announced its earnings results on Thursday, July 25th. The company reported C$2.15 EPS for the quarter, beating the consensus estimate of C$2.14 by C$0.01. The business had revenue of C$13.95 billion during the quarter, compared to the consensus estimate of C$14.07 billion. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%.

Insider Activity

In other news, Director Willard Galen Garfield Weston sold 296 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$48,884.02. In related news, Director Willard Galen Garfield Weston sold 296 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total value of C$48,884.02. Also, Senior Officer Nicholas Henn sold 164 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total value of C$27,084.39. 53.77% of the stock is currently owned by company insiders.

Loblaw Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, September 13th. Loblaw Companies’s payout ratio is presently 31.06%.

About Loblaw Companies

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.