Loblaw Companies Limited (TSE:L - Free Report) - Analysts at National Bank Financial raised their FY2024 earnings estimates for Loblaw Companies in a research note issued to investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $8.56 per share for the year, up from their prior estimate 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 a number of other reports. BMO Capital Markets upped their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. National Bankshares upped their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Royal Bank of Canada raised their target price on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. TD Securities decreased their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a "buy" rating for the company in a research report on Thursday. Finally, CIBC boosted their target price on Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Loblaw Companies presently has an average rating of "Moderate Buy" and a consensus target price of C$191.29.
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Loblaw Companies Trading Up 0.5 %
Shares of TSE:L traded up C$0.86 during trading on Friday, reaching C$181.49. 317,548 shares of the stock were exchanged, compared to its average volume of 355,918. The firm's 50-day moving average price is C$177.55 and its 200 day moving average price is C$167.91. Loblaw Companies has a 12-month low of C$116.81 and a 12-month high of C$188.77. 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 firm has a market cap 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.
Loblaw Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.13%. Loblaw Companies's payout ratio is 31.06%.
About Loblaw Companies
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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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