Research Analysts Set Expectations for TSE:L FY2024 Earnings

Loblaw Companies Limited (TSE:L) – Stock analysts at National Bank Financial lifted their FY2024 earnings per share (EPS) estimates for shares of Loblaw Companies in a research report issued to clients and investors on Wednesday, November 13th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $8.56 per share for the year, up from their previous forecast of $8.52. The consensus estimate for Loblaw Companies’ current full-year earnings is $9.12 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q4 2024 earnings at $2.18 EPS, Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.41 EPS and FY2025 earnings at $9.32 EPS.

L has been the subject of a number of other research reports. Desjardins upped their price target on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. BMO Capital Markets lifted their price target on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Royal Bank of Canada increased their target price on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. National Bankshares raised their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Finally, TD Securities cut their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Performance

Loblaw Companies stock opened at C$181.49 on Friday. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. Loblaw Companies has a 12 month low of C$116.81 and a 12 month high of C$188.77. The stock’s 50-day moving average is C$177.55 and its 200-day moving average is C$167.91. The company has a market cap of C$55.43 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.13%. Loblaw Companies’s payout ratio is presently 31.06%.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.