Canadian Tire Co. Limited (TSE:CTC) dropped 1% during mid-day trading on Tuesday . The stock traded as low as C$181.00 and last traded at C$181.00, approximately 806 shares changed hands during mid-day trading. An increase of 47% from the average daily volume of 550 shares. The stock had previously closed at C$182.90.

Separately, Desjardins reaffirmed a “buy” rating on shares of Canadian Tire in a report on Thursday, November 28th.

The stock has a market capitalization of $11.32 billion and a PE ratio of 16.40. The company has a debt-to-equity ratio of 191.49, a current ratio of 1.70 and a quick ratio of 1.21. The business’s fifty day moving average price is C$187.21 and its two-hundred day moving average price is C$213.09.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$3.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$3.51 by C($0.31). The firm had revenue of C$3.64 billion for the quarter, compared to analysts’ expectations of C$3.67 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Stockholders of record on Friday, January 31st will be issued a dividend of $1.138 per share. The ex-dividend date is Thursday, January 30th. This is a positive change from Canadian Tire’s previous quarterly dividend of $1.04. This represents a $4.55 dividend on an annualized basis and a dividend yield of 2.48%. Canadian Tire’s payout ratio is 35.82%.

About Canadian Tire (TSE:CTC)

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.

Featured Story: Limitations of the P/E Growth ratio

Receive News & Ratings for Canadian Tire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Tire and related companies with's FREE daily email newsletter.