Loblaw Companies (OTCMKTS:LBLCF) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Loblaw Companies (OTCMKTS:LBLCF) posted its quarterly earnings results on Thursday. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01), Zacks reports. The business had revenue of $10.59 billion during the quarter, compared to analyst estimates of $10.61 billion. Loblaw Companies had a net margin of 4.25% and a return on equity of 25.89%.

Loblaw Companies Price Performance

Shares of OTCMKTS LBLCF opened at $46.82 on Friday. The stock’s 50-day simple moving average is $45.69 and its 200-day simple moving average is $45.99. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.61 and a current ratio of 1.09. The firm has a market capitalization of $54.15 billion and a PE ratio of 35.74. Loblaw Companies has a fifty-two week low of $38.08 and a fifty-two week high of $50.29.

Loblaw Companies Company Profile

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.