Loblaw Companies (OTCMKTS:LBLCF) Announces Quarterly Earnings Results

Loblaw Companies (OTCMKTS:LBLCF) posted its quarterly earnings data on Thursday. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01), Zacks reports. Loblaw Companies had a return on equity of 25.89% and a net margin of 4.25%.

Loblaw Companies Trading Down 0.1%

LBLCF traded down $0.05 during midday trading on Thursday, hitting $46.82. The company’s stock had a trading volume of 4,563 shares, compared to its average volume of 48,563. Loblaw Companies has a 52-week low of $38.08 and a 52-week high of $50.29. The firm has a 50-day moving average price of $45.64 and a two-hundred day moving average price of $45.97. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 1.37. The firm has a market cap of $54.15 billion and a P/E ratio of 35.74.

About Loblaw Companies

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.