George Weston (WNGRF) to Post Quarterly Earnings on Friday

George Weston (OTCMKTS:WNGRF) is expected to be issuing its resultson Friday, July 31st. Analysts expect the company to announce earnings of $0.8710 per share and revenue of $10.7209 billion for the quarter.

George Weston (OTCMKTS:WNGRF) last announced its earnings results on Tuesday, May 12th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.07). The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.53 billion. George Weston had a return on equity of 13.95% and a net margin of 1.74%.

George Weston Stock Up 3.8%

WNGRF opened at $75.56 on Wednesday. The business’s fifty day simple moving average is $71.88 and its 200 day simple moving average is $71.20. George Weston has a 52 week low of $60.17 and a 52 week high of $75.92. The company has a quick ratio of 0.64, a current ratio of 1.11 and a debt-to-equity ratio of 1.06. The stock has a market cap of $28.27 billion, a PE ratio of 36.34 and a beta of 0.47.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upgraded George Weston from a “market perform” rating to an “outperform” rating in a report on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.