Canadian Tire (OTCMKTS:CDNAF) Issues Quarterly Earnings Results

Canadian Tire (OTCMKTS:CDNAF) announced its quarterly earnings results on Thursday. The company reported $3.21 EPS for the quarter, Zacks reports.

Canadian Tire Price Performance

Shares of OTCMKTS CDNAF traded down $0.35 during trading hours on Thursday, reaching $134.60. 707 shares of the stock were exchanged, compared to its average volume of 11,803. The stock’s fifty day simple moving average is $127.01 and its 200 day simple moving average is $123.30. Canadian Tire has a 52 week low of $94.66 and a 52 week high of $146.30.

Analyst Ratings Changes

Separately, Scotiabank reissued an “underperform” rating on shares of Canadian Tire in a research report on Thursday, January 15th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Canadian Tire currently has a consensus rating of “Reduce”.

About Canadian Tire

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.