Q3 2024 EPS Estimates for Loblaw Companies Limited Boosted by Analyst (TSE:L)

Loblaw Companies Limited (TSE:L) – Analysts at National Bank Financial boosted their Q3 2024 earnings per share (EPS) estimates for Loblaw Companies in a report issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $2.39 per share for the quarter, up from their previous forecast of $2.33. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.49 per share.

A number of other brokerages also recently commented on L. Scotiabank increased their price objective on Loblaw Companies from C$137.00 to C$146.00 and gave the company a “sector perform” rating in a research report on Friday, February 23rd. National Bankshares increased their price objective on Loblaw Companies from C$153.00 to C$156.00 and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets boosted their target price on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Royal Bank of Canada boosted their target price on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, TD Securities boosted their target price on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$153.71.

Loblaw Companies Stock Performance

L opened at C$148.23 on Wednesday. The company has a market capitalization of C$45.84 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. Loblaw Companies has a 1-year low of C$110.52 and a 1-year high of C$154.70. The business has a 50 day moving average price of C$146.32 and a two-hundred day moving average price of C$131.26.

Loblaw Companies (TSE:L) last issued 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. The business had revenue of C$14.53 billion during the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%.

Loblaw Companies Dividend Announcement

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 $0.446 dividend. This represents a $1.78 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.30%.

Insider Buying and Selling

In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00. In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction that occurred 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. Insiders sold 71,495 shares of company stock valued at $10,547,163 over the last quarter. Corporate insiders own 52.69% of the company’s stock.

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.