Loblaw Companies Limited (TSE:L - Free Report) - Equities researchers at Desjardins lifted their FY2024 earnings estimates for Loblaw Companies in a research note issued to investors on Thursday, November 14th. Desjardins analyst C. Li now expects that the company will post earnings of $8.57 per share for the year, up from their prior estimate of $8.51. The consensus estimate for Loblaw Companies' current full-year earnings is $9.12 per share. Desjardins also issued estimates for Loblaw Companies' Q4 2024 earnings at $2.21 EPS and FY2025 earnings at $9.38 EPS.
Other equities research analysts have also issued reports about the stock. National Bankshares lifted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Royal Bank of Canada lifted their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. CIBC raised their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday. TD Securities dropped their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, BMO Capital Markets upped their price target on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$191.29.
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Loblaw Companies Stock Performance
TSE:L traded up C$0.86 during mid-day trading on Friday, hitting C$181.49. 317,548 shares of the stock were exchanged, compared to its average volume of 355,918. 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 has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The firm's 50-day simple moving average is C$177.55 and its 200 day simple moving average is C$167.91. Loblaw Companies has a fifty-two week low of C$116.81 and a fifty-two week high of C$188.77.
Loblaw Companies Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies's dividend payout ratio (DPR) is currently 31.06%.
Loblaw Companies Company Profile
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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.
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