George Weston (OTCMKTS:WNGRF) Issues Earnings Results, Misses Estimates By $0.05 EPS

George Weston (OTCMKTS:WNGRF) released its earnings results on Friday. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05), Zacks reports. George Weston had a return on equity of 13.95% and a net margin of 1.74%.

George Weston Stock Performance

Shares of George Weston stock traded down $0.60 during trading on Friday, hitting $74.95. 209 shares of the stock were exchanged, compared to its average volume of 17,786. The stock has a market capitalization of $28.04 billion, a price-to-earnings ratio of 36.05 and a beta of 0.47. The company has a fifty day moving average price of $72.12 and a 200-day moving average price of $71.30. George Weston has a 1-year low of $60.17 and a 1-year high of $75.92. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.06.

Analyst Ratings Changes

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

George Weston Company Profile

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.