Canadian Tire Co. Limited to Post Q1 2018 Earnings of $1.38 Per Share, Desjardins Forecasts (CTC)

Canadian Tire Co. Limited (TSE:CTC) – Research analysts at Desjardins issued their Q1 2018 EPS estimates for shares of Canadian Tire in a note issued to investors on Friday, Zacks Investment Research reports. Desjardins analyst K. Howlett forecasts that the company will post earnings of $1.38 per share for the quarter. Desjardins also issued estimates for Canadian Tire’s FY2018 earnings at $12.28 EPS.

Canadian Tire (TSE:CTC) traded up C$0.50 during mid-day trading on Monday, reaching C$255.00. 754 shares of the company’s stock were exchanged, compared to its average volume of 375. Canadian Tire has a 12 month low of C$201.35 and a 12 month high of C$258.90. The stock has a market cap of $11,630.00, a P/E ratio of 23.74 and a beta of 0.48.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, February 15th. The company reported C$4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$3.85 by C$0.25. Canadian Tire had a net margin of 7.45% and a return on equity of 23.42%. The company had revenue of C$3.96 billion during the quarter, compared to the consensus estimate of C$3.85 billion.

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About Canadian Tire

Canadian Tire Corporation, Limited is a Canada-based company, which operates through a range of businesses. The Company’s segments include Retail, CT REIT and Financial Services. Its retail segment operates through its retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s, and the various FGL Sports banners.

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Earnings History and Estimates for Canadian Tire (TSE:CTC)

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