Loblaw Companies Ltd Expected to Post FY2018 Earnings of $4.68 Per Share (L)

Loblaw Companies Ltd (TSE:L) – Equities research analysts at Desjardins reduced their FY2018 earnings per share estimates for shares of Loblaw Companies in a report issued on Tuesday. Desjardins analyst K. Howlett now forecasts that the company will post earnings of $4.68 per share for the year, down from their previous estimate of $4.77. Desjardins currently has a “Hold” rating and a $76.00 price target on the stock.

L has been the subject of a number of other research reports. Barclays raised their price objective on Loblaw Companies from C$74.00 to C$75.00 in a research report on Thursday, November 16th. TD Securities upped their target price on Loblaw Companies from C$78.00 to C$81.00 in a research report on Thursday, November 16th. CIBC cut their target price on Loblaw Companies from C$84.00 to C$83.00 in a research report on Thursday, November 16th. Raymond James Financial upped their target price on Loblaw Companies from C$80.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, November 16th. Finally, Eight Capital upped their target price on Loblaw Companies from C$73.00 to C$75.00 in a research report on Thursday, November 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$79.50.

Shares of Loblaw Companies (TSE:L) traded down C$0.76 during trading hours on Thursday, hitting C$65.87. The stock had a trading volume of 268,604 shares, compared to its average volume of 573,085. Loblaw Companies has a 12-month low of C$64.65 and a 12-month high of C$78.87. The company has a market cap of $26,200.00, a price-to-earnings ratio of 15.90 and a beta of 0.36.

Loblaw Companies (TSE:L) last announced its earnings results on Wednesday, November 15th. The company reported C$1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.30 by C$0.09. Loblaw Companies had a return on equity of 22.12% and a net margin of 6.30%.

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Loblaw Companies Company Profile

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

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