Loblaw Companies Limited (TSE:L) to Post FY2023 Earnings of $7.65 Per Share, National Bank Financial Forecasts

Loblaw Companies Limited (TSE:L) – National Bank Financial increased their FY2023 earnings per share estimates for Loblaw Companies in a research note issued to investors on Wednesday, November 15th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $7.65 for the year, up from their prior forecast of $7.55. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.38 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q4 2024 earnings at $2.09 EPS and FY2024 earnings at $8.22 EPS.

Other equities analysts also recently issued reports about the company. Desjardins set a C$133.00 target price on Loblaw Companies and gave the company a “hold” rating in a research report on Thursday, July 27th. National Bankshares increased their price objective on Loblaw Companies from C$140.00 to C$142.00 in a report on Thursday, July 27th. Royal Bank of Canada decreased their target price on Loblaw Companies from C$174.00 to C$170.00 and set an “outperform” rating for the company in a report on Thursday. Finally, CIBC dropped their target price on Loblaw Companies from C$152.00 to C$150.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Loblaw Companies presently has an average rating of “Moderate Buy” and an average target price of C$141.93.

Loblaw Companies Trading Down 0.9 %

Loblaw Companies stock opened at C$121.76 on Friday. The company has a debt-to-equity ratio of 159.67, a quick ratio of 0.68 and a current ratio of 1.36. The stock has a market cap of C$38.52 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.66 and a beta of 0.09. The stock has a 50-day moving average of C$116.09 and a two-hundred day moving average of C$117.76. Loblaw Companies has a one year low of C$110.00 and a one year high of C$129.25.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. Stockholders of record on Sunday, October 1st were paid a dividend of $0.446 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.47%. Loblaw Companies’s dividend payout ratio is currently 28.94%.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.