FY2016 EPS Estimates for Canadian Tire Co. Limited Lowered by Desjardins (CTC)
Canadian Tire Co. Limited (TSE:CTC) – Desjardins cut their FY2016 earnings per share (EPS) estimates for Canadian Tire Co. Limited in a report issued on Friday. Desjardins analyst K. Howlett now expects that the firm will post earnings per share of $9.26 for the year, down from their prior estimate of $9.35. Desjardins also issued estimates for Canadian Tire Co. Limited’s Q4 2016 earnings at $3.46 EPS.
Canadian Tire Co. Limited (TSE:CTC) opened at 190.00 on Monday. The stock has a market capitalization of $13.75 billion and a price-to-earnings ratio of 21.09. The firm has a 50-day moving average of $194.93 and a 200-day moving average of $196.79. Canadian Tire Co. Limited has a 1-year low of $160.00 and a 1-year high of $218.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, January 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.37%.
About Canadian Tire Co. Limited
Canadian Tire Corporation, Limited is a Canada-based company that operates through a range of businesses. The Company’s segments include Retail segment, the CT REIT segment and the Financial Services segment. The Retail segment operates retail banners, including Canadian Tire, PartSource, Petroleum, Mark’s and various FGL Sports banners.
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