George Weston (WNGRF) Expected to Post Quarterly Earnings on Friday

George Weston (OTCMKTS:WNGRF) will likely be announcing its results before the market opens on Friday, July 31st. Analysts expect the company to post earnings of $0.8710 per share and revenue of $10.7209 billion for the quarter.

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

George Weston Stock Performance

George Weston stock opened at $75.55 on Thursday. The company’s 50-day moving average price is $72.01 and its 200-day moving average price is $71.25. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.06. The company has a market cap of $28.27 billion, a PE ratio of 36.33 and a beta of 0.47. George Weston has a twelve month low of $60.17 and a twelve month high of $75.92.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets upgraded George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

George Weston Company Profile

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.