Shares of Loblaw Companies Limited (OTCMKTS:LBLCF – Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $45.44 and traded as low as $44.0411. Loblaw Companies shares last traded at $44.0411, with a volume of 211,837 shares.
Loblaw Companies Stock Down 1.1%
The firm has a fifty day moving average price of $45.44 and a 200-day moving average price of $45.14. The company has a quick ratio of 0.61, a current ratio of 1.08 and a debt-to-equity ratio of 1.32. The firm has a market cap of $51.20 billion and a price-to-earnings ratio of 33.62.
Loblaw Companies (OTCMKTS:LBLCF – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Loblaw Companies had a return on equity of 25.80% and a net margin of 4.25%.The business had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.47 billion.
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.
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