FY2024 EPS Forecast for Loblaw Companies Raised by Analyst

Loblaw Companies Limited (TSE:L) – Analysts at National Bank Financial increased their FY2024 earnings estimates for shares of Loblaw Companies in a note issued to investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $8.56 per share for the year, up from their previous forecast of $8.52. The consensus estimate for Loblaw Companies’ current full-year earnings is $9.12 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q4 2024 earnings at $2.18 EPS, Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.41 EPS and FY2025 earnings at $9.32 EPS.

A number of other analysts also recently issued reports on L. National Bankshares lifted their price objective on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. CIBC boosted their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday. Desjardins raised their price objective on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. Royal Bank of Canada upped their target price on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Finally, TD Securities lowered their price target on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Trading Up 0.5 %

TSE:L opened at C$181.49 on Friday. The business’s 50-day simple moving average is C$177.66 and its 200-day simple moving average is C$168.01. Loblaw Companies has a fifty-two week low of C$116.81 and a fifty-two week high of C$188.77. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The stock has a market capitalization of C$55.43 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

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.