George Weston (WN) Scheduled to Post Earnings on Tuesday

George Weston (TSE:WN) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th.

George Weston (TSE:WN) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 EPS for the quarter. George Weston had a net margin of 2.56% and a return on equity of 19.71%. The firm had revenue of C$14.70 billion for the quarter.

George Weston Stock Up 0.5 %

WN stock opened at C$185.50 on Monday. The company has a 50 day moving average of C$180.73 and a two-hundred day moving average of C$170.05. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 158.23. George Weston has a 12-month low of C$144.41 and a 12-month high of C$187.93. The company has a market cap of C$24.93 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.70 and a beta of 0.38.

George Weston Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were issued a dividend of $0.713 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.85 annualized dividend and a dividend yield of 1.54%. George Weston’s dividend payout ratio is 26.51%.

Wall Street Analysts Forecast Growth

Several analysts have commented on WN shares. CIBC increased their price target on shares of George Weston from C$213.00 to C$222.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. BMO Capital Markets raised their target price on George Weston from C$172.00 to C$185.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Royal Bank of Canada upped their price target on George Weston from C$216.00 to C$218.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, TD Securities raised their price objective on George Weston from C$205.00 to C$215.00 and gave the company a “buy” rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$201.00.

Insider Buying and Selling at George Weston

In other George Weston news, Director Willard Galen Garfield Weston sold 79,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total value of C$11,474,503.92. In related news, Senior Officer Andrew Michael Bunston sold 2,303 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of C$183.27, for a total value of C$422,079.10. Also, Director Willard Galen Garfield Weston sold 79,200 shares of George Weston stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total value of C$11,474,503.92. Insiders sold 151,008 shares of company stock worth $24,350,724 over the last ninety days. Company insiders own 58.56% of the company’s stock.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.