National Bank Financial Weighs in on Loblaw Companies Ltd’s Q3 2018 Earnings (L)

Loblaw Companies Ltd (TSE:L) – National Bank Financial reduced their Q3 2018 earnings estimates for Loblaw Companies in a research note issued on Tuesday, November 6th. National Bank Financial analyst V. Shreedhar now expects that the company will earn $1.43 per share for the quarter, down from their previous forecast of $1.44. National Bank Financial has a “Sector Perform” rating and a $59.00 price target on the stock. National Bank Financial also issued estimates for Loblaw Companies’ Q4 2018 earnings at $1.07 EPS, FY2018 earnings at $4.55 EPS, Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $1.07 EPS, Q3 2019 earnings at $1.32 EPS and Q4 2019 earnings at $1.18 EPS.

A number of other research firms have also issued reports on L. TD Securities lowered their price target on Loblaw Companies from C$82.00 to C$69.00 in a report on Friday, November 2nd. Barclays raised their price target on Loblaw Companies from C$71.00 to C$75.00 and gave the stock a “c$69.40” rating in a report on Monday, July 23rd. Royal Bank of Canada lowered their price target on Loblaw Companies from C$84.00 to C$73.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. BMO Capital Markets lowered their price target on Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, CIBC lowered their price target on Loblaw Companies from C$82.00 to C$69.00 in a report on Thursday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Loblaw Companies presently has a consensus rating of “Buy” and an average target price of C$72.50.

TSE L opened at C$58.33 on Thursday. The company has a quick ratio of 0.62, a current ratio of 1.14 and a debt-to-equity ratio of 123.69. Loblaw Companies has a 52-week low of C$50.02 and a 52-week high of C$58.42.

In other news, insider Garry Senecal sold 765 shares of Loblaw Companies stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of C$67.60, for a total transaction of C$51,714.00. Also, insider Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of C$69.38, for a total transaction of C$693,800.00. In the last 90 days, insiders sold 47,288 shares of company stock valued at $3,263,792.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

Further Reading: Return on Investment (ROI)

Earnings History and Estimates for Loblaw Companies (TSE:L)

Receive News & Ratings for Loblaw Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loblaw Companies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply