George Weston (OTCMKTS:WNGRF) Releases Earnings Results, Misses Expectations By $0.04 EPS

George Weston (OTCMKTS:WNGRF) posted its quarterly earnings data on Wednesday. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04), Zacks reports. George Weston had a return on equity of 13.21% and a net margin of 2.37%.The company had revenue of $12.04 billion during the quarter, compared to analysts’ expectations of $16.89 billion.

George Weston Price Performance

Shares of WNGRF traded down $3.25 during mid-day trading on Thursday, hitting $69.86. 226 shares of the stock were exchanged, compared to its average volume of 2,150. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42. The company has a market cap of $26.51 billion, a PE ratio of 25.78 and a beta of 0.55. George Weston has a 52-week low of $52.83 and a 52-week high of $75.92. The firm has a 50-day moving average of $70.94 and a two-hundred day moving average of $66.47.

Analyst Ratings Changes

Several analysts have issued reports on the company. Desjardins reissued a “buy” rating on shares of George Weston in a report on Monday, November 17th. BMO Capital Markets reissued a “market perform” rating on shares of George Weston in a report on Monday, November 17th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Scotiabank reaffirmed a “sector perform” rating on shares of George Weston in a research note on Monday, November 17th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of George Weston in a research note on Monday, November 17th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

George Weston Company Profile

George Weston Limited (OTCMKTS:WNGRF) is a Canadian diversified food processing and distribution company with principal interests in grocery retail and baked goods. The company operates primarily through its controlling ownership of Loblaw Companies Limited, one of Canada’s largest food retailers, and through its Weston Foods bakery operations. Its business model spans product manufacturing, retailing, and associated services that support grocery operations and consumer packaged goods distribution.

Through its ownership stake in Loblaw, George Weston is connected to a wide array of retail banners, pharmacy operations and private-label brands that serve Canadian consumers, including national supermarket formats and in-store pharmacy and financial services.