Loblaw Companies (OTCMKTS:LBLCF) Stock Price Down 0.6% – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price was down 0.6% on Monday . The stock traded as low as $46.21 and last traded at $46.21. Approximately 84,515 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 104,174 shares. The stock had previously closed at $46.47.

Loblaw Companies Stock Performance

The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 1.37. The stock’s fifty day moving average is $45.35 and its two-hundred day moving average is $45.86. The firm has a market capitalization of $53.72 billion and a price-to-earnings ratio of 35.27.

Loblaw Companies (OTCMKTS:LBLCF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $10.41 billion during the quarter, compared to analyst estimates of $10.47 billion. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.