George Weston (OTCMKTS:WNGRF) Issues Quarterly Earnings Results

George Weston (OTCMKTS:WNGRF) announced its quarterly earnings data on Wednesday. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04), Zacks reports. The company had revenue of $12.04 billion for the quarter, compared to analyst estimates of $16.89 billion. George Weston had a return on equity of 13.21% and a net margin of 2.37%.

George Weston Price Performance

WNGRF traded down $3.25 on Thursday, reaching $69.86. The company had a trading volume of 226 shares, compared to its average volume of 2,150. The company has a market capitalization of $26.51 billion, a P/E ratio of 25.78 and a beta of 0.55. The company has a current ratio of 1.42, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a fifty day moving average of $70.94 and a 200-day moving average of $66.47. George Weston has a one year low of $52.83 and a one year high of $75.92.

Analyst Upgrades and Downgrades

WNGRF has been the subject of several research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. BMO Capital Markets reaffirmed a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Desjardins restated a “buy” rating on shares of George Weston in a research report on Monday, November 17th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of George Weston in a research report on Monday, November 17th. Finally, Scotiabank reiterated a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently 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.