George Weston (OTCMKTS:WNGRF – Get Free Report) posted its quarterly earnings data on Friday. The company reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05), Zacks reports. George Weston had a return on equity of 13.95% and a net margin of 1.74%.
George Weston Price Performance
OTCMKTS WNGRF traded down $0.60 during trading on Friday, hitting $74.95. 209 shares of the company’s stock were exchanged, compared to its average volume of 17,786. The company has a market cap of $28.04 billion, a PE ratio of 36.05 and a beta of 0.47. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.06. George Weston has a fifty-two week low of $60.17 and a fifty-two week high of $75.92. The stock’s 50 day moving average price is $72.12 and its two-hundred day moving average price is $71.30.
Analysts Set New Price Targets
Separately, BMO Capital Markets upgraded George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
George Weston Company Profile
George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.
Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.
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