George Weston (WNGRF) to Release Quarterly Earnings on Friday

George Weston (OTCMKTS:WNGRF) is projected to release its resultson Friday, July 31st. Analysts expect George Weston to post earnings of $0.8710 per share and revenue of $10.7209 billion for the quarter.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Tuesday, May 12th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.07). The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.53 billion. George Weston had a return on equity of 13.95% and a net margin of 1.74%.

George Weston Stock Performance

WNGRF stock opened at $72.80 on Friday. The firm has a market cap of $27.24 billion, a price-to-earnings ratio of 35.01 and a beta of 0.47. The firm has a 50-day simple moving average of $71.63 and a two-hundred day simple moving average of $71.10. George Weston has a one year low of $60.17 and a one year high of $75.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 1.11.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

About George Weston

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.