TSE:L Q3 EPS Forecast Lifted by National Bank Financial

Loblaw Companies Limited (TSE:L) – Analysts at National Bank Financial upped their Q3 2024 earnings estimates for Loblaw Companies in a research report issued on Wednesday, October 16th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $2.44 per share for the quarter, up from their prior estimate of $2.41. The consensus estimate for Loblaw Companies’ current full-year earnings is $9.12 per share. National Bank Financial also issued estimates for Loblaw Companies’ FY2024 earnings at $8.52 EPS, Q3 2025 earnings at $2.66 EPS, FY2025 earnings at $9.31 EPS and FY2026 earnings at $10.11 EPS.

L has been the topic of several other reports. CIBC raised their price objective on Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. TD Securities raised their price target on shares of Loblaw Companies from C$172.00 to C$186.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Desjardins boosted their price objective on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. National Bankshares lifted their target price on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets upped their target price on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$178.29.

Loblaw Companies Trading Down 0.1 %

L opened at C$177.23 on Friday. The stock has a market capitalization of C$54.12 billion, a PE ratio of 26.85, 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 current ratio of 1.36 and a quick ratio of 0.68. Loblaw Companies has a 12-month low of C$110.52 and a 12-month high of C$182.19. The firm’s fifty day moving average price is C$174.90 and its 200 day moving average price is C$163.86.

Loblaw Companies (TSE:L) last announced its earnings results on Thursday, July 25th. The company reported C$2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.14 by C$0.01. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%. The company had revenue of C$13.95 billion for the quarter, compared to analyst estimates of C$14.07 billion.

Loblaw Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a dividend of $0.513 per share. The ex-dividend date was Friday, September 13th. This represents a $2.05 annualized dividend and a dividend yield of 1.16%. Loblaw Companies’s dividend payout ratio is presently 31.06%.

Insider Buying and Selling

In related news, Director Willard Galen Garfield Weston sold 296 shares of Loblaw Companies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total transaction of C$48,884.02. In related news, Director Willard Galen Garfield Weston sold 296 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total transaction of C$48,884.02. Also, Senior Officer Nicholas Henn sold 164 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total value of C$27,084.39. Corporate insiders own 53.77% of the company’s stock.

Loblaw Companies Company Profile

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.