Q3 EPS Estimates for TSE:L Lifted by National Bank Financial

Loblaw Companies Limited (TSE:L - Free Report) - Stock analysts at National Bank Financial increased their Q3 2024 earnings estimates for Loblaw Companies in a research note issued on Wednesday, October 16th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $2.44 per share for the quarter, up from their previous 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.

A number of other equities analysts have also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. National Bankshares increased their price target on Loblaw Companies from C$175.00 to C$188.00 and gave the company an "outperform" rating in a research note on Thursday. TD Securities boosted their price objective on 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 increased their target price on 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. Finally, CIBC boosted their price target on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Loblaw Companies has a consensus rating of "Moderate Buy" and an average price target of C$178.29.

Loblaw Companies Price Performance

L traded down C$0.10 during trading on Friday, hitting C$177.23. 203,517 shares of the stock traded hands, compared to its average volume of 362,560. The business has a 50 day moving average price of C$174.64 and a 200 day moving average price of C$163.77. 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 twelve month low of C$110.52 and a twelve month high of C$182.19. The company has a market cap of C$54.12 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies (TSE:L - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.15 EPS for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.01. The business had revenue of C$13.95 billion during the quarter, compared to the consensus estimate of C$14.07 billion. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%.

Loblaw Companies Dividend Announcement

The business 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. This represents a $2.05 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, September 13th. Loblaw Companies's dividend payout ratio (DPR) is 31.06%.

Insider Activity

In other news, Director Willard Galen Garfield Weston sold 296 shares of the company's 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 other news, Director Willard Galen Garfield Weston sold 296 shares of the business'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 transaction of C$48,884.02. Also, Senior Officer Nicholas Henn sold 164 shares of the stock in a transaction 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. 53.77% of the stock is currently owned by company insiders.

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.