George Weston (TSE:WN) Announces Quarterly Earnings Results

George Weston (TSE:WN) announced its quarterly earnings results on Friday. The company reported C$1.08 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$15.20 billion for the quarter. George Weston had a net margin of 1.80% and a return on equity of 21.74%.

George Weston Stock Performance

TSE:WN opened at C$104.77 on Friday. The company has a debt-to-equity ratio of 411.08, a current ratio of 1.11 and a quick ratio of 0.73. The firm has a 50-day moving average of C$101.85 and a two-hundred day moving average of C$99.21. The stock has a market cap of C$39.50 billion, a P/E ratio of 36.63, a PEG ratio of 5.03 and a beta of 0.31. George Weston has a 1-year low of C$82.77 and a 1-year high of C$107.94.

Analyst Ratings Changes

Several research firms have recently issued reports on WN. Scotia dropped their price objective on shares of George Weston from C$106.00 to C$102.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 13th. BMO Capital Markets upgraded shares of George Weston from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$103.00 to C$113.00 in a report on Monday, July 20th. Finally, Canadian Imperial Bank of Commerce decreased their price target on shares of George Weston from C$127.00 to C$117.00 in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$111.00.

About George Weston

George Weston is a holding company that operates through two subsidiaries encompassing retail and real estate. The first is Loblaw, the largest grocer in Canada, in which it has a 53% controlling stake. The second is Choice Properties, an open-ended real estate investment trust, where George Weston’s ownership sits close to 62%. The company sold Weston Foods, a North American bakery, in early 2022, which the firm had previously wholly owned. While the two remaining entities are separate, they operate under a contractual, as well as tacit, framework of strategic business partnerships.