National Bank Financial Comments on Loblaw Companies Limited’s FY2024 Earnings (TSE:L)

Loblaw Companies Limited (TSE:L) – Research analysts at National Bank Financial boosted their FY2024 earnings per share estimates for shares of Loblaw Companies in a research note issued on Sunday, April 14th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $8.40 per share for the year, up from their previous estimate of $8.35. The consensus estimate for Loblaw Companies’ current full-year earnings is $8.49 per share. National Bank Financial also issued estimates for Loblaw Companies’ Q3 2025 earnings at $2.61 EPS, Q4 2025 earnings at $2.37 EPS and FY2025 earnings at $9.16 EPS.

Loblaw Companies (TSE:L) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.92 by C$0.08. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. The company had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion.

L has been the subject of a number of other reports. TD Securities boosted their price target on Loblaw Companies from C$150.00 to C$160.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Scotiabank boosted their price objective on Loblaw Companies from C$137.00 to C$146.00 and gave the company a “sector perform” rating in a research report on Friday, February 23rd. Desjardins boosted their price objective on Loblaw Companies from C$133.00 to C$148.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, National Bankshares boosted their price objective on Loblaw Companies from C$153.00 to C$156.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$153.71.

Loblaw Companies Price Performance

L stock opened at C$149.01 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. Loblaw Companies has a 52-week low of C$110.52 and a 52-week high of C$154.70. The stock’s 50 day moving average is C$146.04 and its two-hundred day moving average is C$131.14. The company has a market capitalization of C$46.08 billion, a PE ratio of 22.85, a P/E/G ratio of 2.53 and a beta of 0.12.

Insider Transactions at Loblaw Companies

In related news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. In related news, Director Willard Galen Garfield Weston sold 13,354 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$145.84, for a total transaction of C$1,947,558.04. Also, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. Insiders have sold 71,495 shares of company stock valued at $10,547,163 over the last three months. Company insiders own 52.69% of the company’s stock.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a dividend of $0.446 per share. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 14th. Loblaw Companies’s dividend payout ratio (DPR) is presently 27.30%.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.