National Bank Financial Weighs in on Loblaw Companies’ Q1 2018 Earnings (L)

Loblaw Companies (TSE:L) – National Bank Financial boosted their Q1 2018 earnings per share (EPS) estimates for Loblaw Companies in a report released on Wednesday, April 18th. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $0.96 per share for the quarter, up from their previous forecast of $0.92. National Bank Financial currently has a “Sector Perform” rating and a $71.00 target price on the stock. National Bank Financial also issued estimates for Loblaw Companies’ Q2 2018 earnings at $1.15 EPS, Q3 2018 earnings at $1.47 EPS, Q4 2018 earnings at $1.23 EPS and FY2018 earnings at $4.81 EPS.

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Other equities analysts have also recently issued research reports about the company. Desjardins lowered their target price on Loblaw Companies from C$84.00 to C$76.00 and set a “hold” rating on the stock in a research note on Tuesday, January 30th. Scotiabank lowered their target price on Loblaw Companies from C$76.00 to C$73.00 and set a “sector perform” rating on the stock in a research note on Friday, February 23rd. Raymond James lowered their price target on Loblaw Companies from C$85.00 to C$82.00 and set an “outperform” rating for the company in a research note on Friday, February 23rd. CIBC lowered their price target on Loblaw Companies from C$83.00 to C$79.00 in a research note on Friday, February 23rd. Finally, Royal Bank of Canada lowered their price target on Loblaw Companies from C$87.00 to C$84.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$77.90.

TSE:L opened at C$66.23 on Monday. Loblaw Companies has a fifty-two week low of C$63.03 and a fifty-two week high of C$78.87.

Loblaw Companies (TSE:L) last released its earnings results on Thursday, February 22nd. The company reported C$1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.12 by C$0.01. Loblaw Companies had a return on equity of 0.73% and a net margin of 0.33%. The company had revenue of C$11.03 billion for the quarter, compared to analysts’ expectations of C$11.02 billion.

In other Loblaw Companies news, Director Willard Galen Garfield Weston sold 27,831 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of C$64.92, for a total transaction of C$1,806,788.52. Also, insider Garry Senecal sold 23,298 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$64.76, for a total value of C$1,508,778.48. In the last three months, insiders sold 92,858 shares of company stock valued at $6,031,606.

The company also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Sunday, April 1st were paid a $0.27 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.08 annualized dividend and a dividend yield of 1.63%.

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Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

Earnings History and Estimates for Loblaw Companies (TSE:L)

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