George Weston (OTCMKTS:WNGRF) Issues Quarterly Earnings Results

George Weston (OTCMKTS:WNGRF) released its quarterly earnings results on Friday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05), Zacks reports. The firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.72 billion. George Weston had a return on equity of 13.95% and a net margin of 1.74%.

George Weston Trading Down 0.8%

Shares of WNGRF stock opened at $74.95 on Friday. The company has a market cap of $28.04 billion, a P/E ratio of 36.05 and a beta of 0.47. The stock has a 50 day simple moving average of $72.21 and a two-hundred day simple moving average of $71.35. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.64 and a current ratio of 1.11. George Weston has a fifty-two week low of $60.17 and a fifty-two week high of $75.92.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded shares of George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About George Weston

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.