George Weston (OTCMKTS:WNGRF) Announces Earnings Results

George Weston (OTCMKTS:WNGRF) posted its quarterly earnings data on Tuesday. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.07), Zacks reports. George Weston had a net margin of 1.74% and a return on equity of 13.84%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.53 billion.

George Weston Stock Performance

George Weston stock opened at $70.37 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.65 and a current ratio of 1.10. The firm has a market cap of $26.54 billion, a price-to-earnings ratio of 33.84 and a beta of 0.48. George Weston has a 1 year low of $60.17 and a 1 year high of $75.92. The firm’s 50 day moving average price is $70.44 and its two-hundred day moving average price is $69.25.

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.