George Weston (WN) will release his results on Friday
George Weston (TSE:WN – Get Rating) is set to release earnings data before market open Friday, July 29.
George Weston (TSE:WN – Get Rating) last released quarterly results on Tuesday, May 10. The company reported earnings per share of C$1.90 for the quarter. The company had revenue of C$12.41 billion for the quarter.
Performance of George Weston stock
TSE WN opened at C$154.21 on Friday. The stock has a market capitalization of C$22.53 billion and a PE ratio of 20.51. The company has a 50-day simple moving average of C$151.10 and a 200-day simple moving average of C$149.37. The company has a debt ratio of 148.99, a current ratio of 1.47 and a quick ratio of 0.82. George Weston has a 1-year low of C$122.89 and a 1-year high of C$162.51.
George Weston increases its dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 1. Shareholders of record on Wednesday, June 15 received a dividend of $0.66 per share. This represents an annualized dividend of $2.64 and a yield of 1.71%. The ex-dividend date was Tuesday, June 14. This is a boost from George Weston’s previous quarterly dividend of $0.60. George Weston’s dividend payout ratio (DPR) is currently 31.25%.
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A number of stock analysts have recently commented on the company. CIBC raised its price target on George Weston from C$177.00 to C$188.00 and gave the stock an “outperform” rating in a Thursday, May 12 report. Royal Bank of Canada raised its price target on George Weston from CA$165.00 to CA$179.00 and gave the company an “outperform” rating in a Tuesday, May 10 report. Five investment analysts have rated the stock with a buy rating. Based on data from MarketBeat.com, the stock has an average buy rating and a consensus target price of C$168.67.
Insider Trading at George Weston
In other news, Director Alannah Elizabeth Weston sold 7,300 shares of the company in a trade on Thursday, June 16. The stock was sold at an average price of C$144.79, for a total value of C$1,056,956.05. Following completion of the transaction, the administrator now directly owns 44,965 shares of the company, valued at approximately C$6,510,414.90.
George Weston Company Profile
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George Weston Limited provides retail food and drug services and financial services in Canada and abroad. The Company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy, health and beauty, apparel, general merchandise and financial services.
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