Brokers Issue Forecasts for Cara Operations Ltd’s FY2016 Earnings (CAO)
Cara Operations Ltd (TSE:CAO) – Equities research analysts at Raymond James Financial decreased their FY2016 earnings per share (EPS) estimates for Cara Operations in a research report issued to clients and investors on Friday. Raymond James Financial analyst K. Tyghe now forecasts that the firm will post earnings per share of $1.27 for the year, down from their previous forecast of $1.35. Raymond James Financial also issued estimates for Cara Operations’ Q1 2017 earnings at $0.33 EPS, Q2 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.45 EPS and FY2017 earnings at $1.60 EPS.
A number of other research analysts have also recently weighed in on CAO. Scotiabank reaffirmed an “outperform” rating and set a C$33.00 price objective on shares of Cara Operations in a research report on Friday, August 5th. CIBC lifted their price objective on Cara Operations from C$28.50 to C$29.00 and gave the company a “sector perform” rating in a research report on Monday, August 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$34.00 price objective on shares of Cara Operations in a research report on Friday, September 2nd. Finally, National Bank Financial reaffirmed an “outperform” rating and set a C$34.00 price objective on shares of Cara Operations in a research report on Wednesday, September 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$32.64.
Shares of Cara Operations (TSE:CAO) opened at 26.92 on Monday. The company has a market cap of $1.37 billion and a price-to-earnings ratio of 13.47. The firm’s 50-day moving average is $27.63 and its 200-day moving average is $29.27. Cara Operations has a 52 week low of $22.85 and a 52 week high of $36.98.
About Cara Operations
Cara Operations Limited is a Canada-based full service restaurant operator and franchisor. The Company operates through three segments: corporate restaurants, franchise restaurants and central operations. The corporate restaurant segment includes the operations of the Company-owned restaurants, which generate revenues from the direct sale of prepared food and beverages to customers.
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