Loblaw Companies (L) Set to Announce Earnings on Thursday

Loblaw Companies (TSE:L) will be releasing its earnings data before the market opens on Thursday, February 22nd. Analysts expect Loblaw Companies to post earnings of C$1.12 per share for the quarter.

Loblaw Companies (TSE:L) last announced its quarterly earnings data on Wednesday, November 15th. The company reported C$1.39 EPS for the quarter, beating the consensus estimate of C$1.30 by C$0.09. Loblaw Companies had a net margin of 6.30% and a return on equity of 22.12%. The business had revenue of C$14.19 billion during the quarter.

Shares of Loblaw Companies (TSE:L) opened at C$64.51 on Thursday. Loblaw Companies has a 12 month low of C$63.30 and a 12 month high of C$78.87. The company has a market cap of $24,950.00, a P/E ratio of 15.40 and a beta of 0.37.

Several brokerages have commented on L. Barclays lifted their price objective on shares of Loblaw Companies from C$74.00 to C$75.00 in a research note on Thursday, November 16th. TD Securities lifted their price objective on shares of Loblaw Companies from C$78.00 to C$81.00 in a research note on Thursday, November 16th. CIBC cut their target price on shares of Loblaw Companies from C$84.00 to C$83.00 in a report on Thursday, November 16th. Desjardins cut their target price on shares of Loblaw Companies from C$84.00 to C$76.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. Finally, Royal Bank of Canada cut their target price on shares of Loblaw Companies from C$87.00 to C$84.00 and set an “outperform” rating for the company in a report on Wednesday, January 31st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$79.50.

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About Loblaw Companies

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.

Earnings History for Loblaw Companies (TSE:L)

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