Loblaw Companies Limited (TSE:L – Get Free Report) declared a quarterly dividend on Thursday, July 25th, Zacks reports. Stockholders of record on Sunday, September 15th will be paid a dividend of 0.513 per share on Tuesday, October 1st. This represents a $2.05 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, September 13th.
Loblaw Companies Price Performance
Shares of TSE:L opened at C$168.30 on Friday. Loblaw Companies has a 12 month low of C$110.52 and a 12 month high of C$171.99. The firm has a market capitalization of C$51.74 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.53 and a beta of 0.12. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The company’s fifty day moving average price is C$160.46 and its 200 day moving average price is C$150.02.
Loblaw Companies (TSE:L – Get Free Report) last announced its earnings results on Wednesday, May 1st. The company reported C$1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.70 by C$0.02. The firm had revenue of C$13.58 billion during the quarter, compared to analysts’ expectations of C$13.29 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. As a group, sell-side analysts predict that Loblaw Companies will post 8.3923706 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Loblaw Companies
Insider Buying and Selling
In other news, Senior Officer Jeffrey Francis Leger sold 7,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of C$156.00, for a total transaction of C$1,107,600.00. In other news, Senior Officer Kieran Barry Columb sold 13,100 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of C$157.12, for a total transaction of C$2,058,249.73. Also, Senior Officer Jeffrey Francis Leger sold 7,100 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of C$156.00, for a total value of C$1,107,600.00. Over the last ninety days, insiders sold 83,929 shares of company stock valued at $13,160,644. 53.29% of the stock is owned by insiders.
Loblaw Companies Company Profile
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.
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