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

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

George Weston Trading Down 0.8%

WNGRF stock traded down $0.60 during trading on Friday, hitting $74.95. The company had a trading volume of 209 shares, compared to its average volume of 17,786. The stock has a market cap of $28.04 billion, a PE ratio of 36.05 and a beta of 0.47. The business has a 50-day moving average of $72.12 and a 200-day moving average of $71.30. The company has a current ratio of 1.11, a quick ratio of 0.64 and a debt-to-equity ratio of 1.06. George Weston has a one year low of $60.17 and a one year high of $75.92.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded George Weston from a “market perform” rating to an “outperform” rating in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, George Weston currently has an average rating of “Moderate Buy”.

Read Our Latest Stock Report on George Weston

George Weston Company Profile

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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.

See Also

Earnings History for George Weston (OTCMKTS:WNGRF)

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