George Weston (OTCMKTS:WNGRF) Issues Earnings Results

George Weston (OTCMKTS:WNGRF) posted its quarterly earnings results on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04), Zacks reports. The company had revenue of $12.04 billion for the quarter, compared to analyst estimates of $16.89 billion. George Weston had a net margin of 1.71% and a return on equity of 13.71%.

George Weston Price Performance

George Weston stock traded down $0.38 during midday trading on Friday, reaching $68.96. 100 shares of the company were exchanged, compared to its average volume of 2,033. The firm’s 50-day simple moving average is $70.94 and its 200-day simple moving average is $66.49. George Weston has a 1 year low of $52.83 and a 1 year high of $75.92. The company has a market capitalization of $26.17 billion, a price-to-earnings ratio of 34.03 and a beta of 0.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 1.42.

Analyst Ratings Changes

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