Loblaw Companies (OTCMKTS:LBLCF) Reaches New 1-Year High – Here’s What Happened

Loblaw Companies Limited (OTCMKTS:LBLCF)’s stock price reached a new 52-week high on Thursday. The stock traded as high as $50.47 and last traded at $50.34, with a volume of 1,051 shares trading hands. The stock had previously closed at $48.70.

Loblaw Companies Stock Performance

The firm has a 50 day moving average of $45.03 and a 200-day moving average of $45.31. The stock has a market capitalization of $58.26 billion and a PE ratio of 29.88. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.59 and a current ratio of 1.06.

Loblaw Companies (OTCMKTS:LBLCF) last released its earnings results on Thursday, July 30th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The business had revenue of $10.59 billion for the quarter, compared to analysts’ expectations of $10.61 billion. Loblaw Companies had a net margin of 4.28% and a return on equity of 25.68%.

About Loblaw Companies

Loblaw Companies Limited is a Canadian retailer that operates grocery stores, pharmacies and related consumer businesses. Its food retail operations sell fresh food, packaged groceries, household products, general merchandise and apparel through a portfolio of corporate, franchised and independent stores.

The company’s retail banners include Real Canadian Superstore, No Frills, Zehrs, Fortinos, Provigo, Maxi and Atlantic Superstore, while its pharmacy business operates primarily under the Shoppers Drug Mart and Pharmaprix names.