Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Up – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCF) gapped up before the market opened on Monday . The stock had previously closed at $44.53, but opened at $46.86. Loblaw Companies shares last traded at $46.86, with a volume of 509 shares.

Loblaw Companies Trading Up 0.7%

The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.61 and a current ratio of 1.08. The business has a 50-day simple moving average of $45.43 and a two-hundred day simple moving average of $45.25. The stock has a market cap of $51.89 billion and a price-to-earnings ratio of 34.08.

Loblaw Companies (OTCMKTS:LBLCF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Loblaw Companies had a return on equity of 25.80% and a net margin of 4.25%.The firm had revenue of $10.41 billion for the quarter, compared to analyst estimates of $10.47 billion.

Loblaw Companies Company Profile

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.