George Weston (WN) Scheduled to Post Earnings on Tuesday

George Weston (TSE:WN) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, July 30th.

George Weston (TSE:WN) last issued its earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share for the quarter. The company had revenue of C$13.74 billion during the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%.

George Weston Trading Down 0.0 %

Shares of WN stock opened at C$213.49 on Monday. The stock has a market capitalization of C$28.56 billion, a PE ratio of 22.54, a P/E/G ratio of 1.70 and a beta of 0.38. George Weston has a 1-year low of C$144.41 and a 1-year high of C$217.28. The business has a 50-day moving average of C$198.85 and a 200 day moving average of C$185.84. The company has a debt-to-equity ratio of 159.31, a current ratio of 1.25 and a quick ratio of 0.73.

George Weston Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Saturday, June 15th were issued a dividend of $0.82 per share. The ex-dividend date was Friday, June 14th. This is a boost from George Weston’s previous quarterly dividend of $0.71. This represents a $3.28 annualized dividend and a yield of 1.54%. George Weston’s dividend payout ratio is currently 34.64%.

Insider Buying and Selling

In related news, Senior Officer Rashid Wasti sold 1,307 shares of George Weston stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total value of C$252,577.75. In other George Weston news, Senior Officer Rashid Wasti sold 1,307 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total transaction of C$252,577.75. Also, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of C$190.21, for a total value of C$951,043.50. Insiders sold 26,307 shares of company stock valued at $5,071,972 over the last 90 days. Company insiders own 58.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on WN shares. BMO Capital Markets increased their price objective on George Weston from C$185.00 to C$196.00 in a report on Wednesday, May 8th. CIBC increased their price objective on George Weston from C$222.00 to C$235.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. TD Securities dropped their price objective on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. Desjardins increased their price objective on George Weston from C$205.00 to C$212.00 in a report on Wednesday, May 8th. Finally, Scotiabank increased their price objective on George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a report on Monday, May 6th. One 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 an average rating of “Moderate Buy” and a consensus target price of C$219.17.

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.