Loblaw Companies (TSE:LB) – Stock analysts at Cormark reduced their Q2 2018 EPS estimates for shares of Loblaw Companies in a research note issued to investors on Monday, May 14th. Cormark analyst M. Grauman now forecasts that the company will post earnings of $1.39 per share for the quarter, down from their previous forecast of $1.45. Cormark also issued estimates for Loblaw Companies’ FY2018 earnings at $5.98 EPS.
Other research analysts also recently issued reports about the stock. National Bank Financial reissued a “sector perform market weight” rating on shares of Loblaw Companies in a research report on Tuesday, January 16th. Scotiabank reduced their target price on shares of Loblaw Companies from C$64.00 to C$59.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 17th. BMO Capital Markets reissued an “outperform” rating and set a C$60.00 target price on shares of Loblaw Companies in a research report on Thursday, March 1st. CSFB reduced their target price on shares of Loblaw Companies from C$57.00 to C$55.00 in a research report on Friday, January 19th. Finally, Barclays reduced their target price on shares of Loblaw Companies from C$57.00 to C$55.00 in a research report on Thursday, March 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Loblaw Companies currently has a consensus rating of “Hold” and a consensus price target of C$56.40.
TSE:LB opened at C$49.36 on Wednesday. Loblaw Companies has a 52 week low of C$46.57 and a 52 week high of C$62.90.
Loblaw Companies (TSE:LB) last posted its quarterly earnings data on Wednesday, February 28th. The company reported C$1.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.52 by C($0.03). The firm had revenue of C$267.00 million during the quarter, compared to analysts’ expectations of C$265.70 million. Loblaw Companies had a net margin of 21.88% and a return on equity of 11.79%.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, May 1st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend was Thursday, March 29th.
In related news, Director Sonia Baxendale bought 1,500 shares of Loblaw Companies stock in a transaction dated Monday, March 5th. The stock was purchased at an average cost of C$48.50 per share, with a total value of C$72,750.00.
Loblaw Companies Company Profile
Laurentian Bank of Canada, together with its subsidiaries, provides banking services to individuals, small and medium-sized enterprises, and independent advisors in Canada and the United States. It operates through four segments: Retail Services, Business Services, B2B Bank, and Capital Markets. The company offers transactional products and current accounts, term deposits, and investment accounts; personal line of credit, personal loans, student loans, and registered retirement savings plans; financing for agriculture, real estate, and commercial industries, as well as small and medium-sized enterprises; mortgage solutions, such as variable-rate mortgage, fixed-rate mortgage, equity line of credit, mortgage insurance, and retirement line of credit; and credit and business cards, as well as equipment finance and leasing solutions.
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