Canadian Tire (OTCMKTS:CDNAF) Posts Earnings Results, Beats Estimates By $0.17 EPS

Canadian Tire (OTCMKTS:CDNAF) issued its quarterly earnings data on Thursday. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17, Zacks reports. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.55 billion. Canadian Tire had a return on equity of 10.65% and a net margin of 3.63%.

Canadian Tire Stock Down 3.0%

Shares of OTCMKTS:CDNAF opened at $123.59 on Friday. Canadian Tire has a 1 year low of $102.83 and a 1 year high of $152.90. The business has a 50 day simple moving average of $137.44 and a two-hundred day simple moving average of $129.96. The firm has a market capitalization of $6.54 billion and a PE ratio of 38.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.44.

Analyst Ratings Changes

Several research analysts recently commented on CDNAF shares. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. TD Securities reiterated a “hold” rating and issued a $205.00 price target on shares of Canadian Tire in a research report on Friday, February 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research report on Thursday, May 7th. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Friday. Finally, Scotiabank upgraded Canadian Tire from an “underperform” rating to a “sector perform” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.