Loblaw Companies (LBLCF) Projected to Announce Earnings on Thursday

Loblaw Companies (OTCMKTS:LBLCF) is expected to be announcing its resultson Thursday, July 30th. Analysts expect Loblaw Companies to announce earnings of $0.4562 per share and revenue of $10.6102 billion for the quarter.

Loblaw Companies (OTCMKTS:LBLCF) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%. The business had revenue of $10.41 billion during the quarter, compared to the consensus estimate of $10.47 billion.

Loblaw Companies Trading Up 3.3%

Shares of Loblaw Companies stock opened at $46.98 on Wednesday. The firm has a market cap of $54.34 billion and a PE ratio of 35.86. Loblaw Companies has a 1 year low of $38.08 and a 1 year high of $50.29. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.09 and a quick ratio of 0.61. The stock has a fifty day moving average price of $45.60 and a 200-day moving average price of $45.95.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.