National Bank Financial Forecasts TSE:L FY2024 Earnings

Loblaw Companies Limited (TSE:L) – National Bank Financial lifted their FY2024 EPS estimates for Loblaw Companies in a research report issued on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $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.

L has been the subject of several other research reports. National Bankshares raised their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Desjardins boosted their price objective on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. TD Securities dropped their target price on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank of Canada boosted their price target on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. Finally, CIBC raised their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Stock Down 1.2 %

Shares of L stock opened at C$180.63 on Friday. Loblaw Companies has a fifty-two week low of C$116.81 and a fifty-two week high of C$188.77. The firm has a market capitalization of C$55.16 billion, a PE ratio of 27.37, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. The stock’s 50-day simple moving average is C$177.46 and its 200-day simple moving average is C$167.82.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.14%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

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.