Canadian Tire (CDNAF) Projected to Release Quarterly Earnings on Thursday

Canadian Tire (OTCMKTS:CDNAF) will likely be issuing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of $2.66 per share and revenue of $3.00 billion for the quarter.

Canadian Tire (OTCMKTS:CDNAF) last announced its quarterly earnings data on Thursday, August 13th. The company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07. Canadian Tire had a net margin of 4.09% and a return on equity of 10.84%. The business had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.03 billion.

Canadian Tire Price Performance

Shares of CDNAF opened at $145.88 on Tuesday. Canadian Tire has a one year low of $102.83 and a one year high of $152.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.46 and a current ratio of 1.88. The firm has a 50 day simple moving average of $138.74 and a two-hundred day simple moving average of $136.92.

Analyst Upgrades and Downgrades

CDNAF has been the topic of a number of research analyst reports. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Tire in a report on Friday, August 14th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation is a Canadian retail company serving customers primarily across Canada. Founded in Toronto in 1922, it has grown from an automotive-focused retailer into a group of businesses spanning a range of consumer goods and services.

Its Canadian Tire stores sell products for automotive care, hardware, home improvement, housewares, outdoor living and recreation. The company also operates retail banners including SportChek, which focuses on sporting goods and activewear, and Mark’s, known for workwear and casual apparel.

In addition to its retail operations, Canadian Tire provides consumer financial services through Canadian Tire Bank and offers the Triangle Rewards loyalty program.