Loblaw Companies (OTCMKTS:LBLCF) Hits New 52-Week High – Here’s What Happened

Shares of Loblaw Companies Limited (OTCMKTS:LBLCF) reached a new 52-week high on Thursday. The company traded as high as $50.47 and last traded at $50.34, with a volume of 1,051 shares traded. The stock had previously closed at $48.70.

Loblaw Companies Trading Up 3.6%

The firm has a market cap of $58.19 billion and a P/E ratio of 29.85. The business’s 50 day moving average is $44.82 and its 200-day moving average is $45.24. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 1.34.

Loblaw Companies (OTCMKTS:LBLCF) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%.

About Loblaw Companies

Loblaw Companies Limited is a Canadian retailer that operates grocery stores, pharmacies and related consumer businesses. Its food retail operations sell fresh food, packaged groceries, household products, general merchandise and apparel through a portfolio of corporate, franchised and independent stores.

The company’s retail banners include Real Canadian Superstore, No Frills, Zehrs, Fortinos, Provigo, Maxi and Atlantic Superstore, while its pharmacy business operates primarily under the Shoppers Drug Mart and Pharmaprix names.