Canadian Tire (OTCMKTS:CDNAF) Issues 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.17, Zacks reports. Canadian Tire had a return on equity of 9.79% and a net margin of 3.24%.

Canadian Tire Stock Down 4.6%

Shares of OTCMKTS:CDNAF traded down $6.17 on Thursday, reaching $127.41. The company had a trading volume of 286 shares, compared to its average volume of 19,113. Canadian Tire has a twelve month low of $102.83 and a twelve month high of $152.90. The stock has a 50-day moving average price of $138.12 and a 200 day moving average price of $129.97. The stock has a market capitalization of $6.75 billion and a P/E ratio of 39.69. The company has a quick ratio of 1.44, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. TD Securities reaffirmed a “hold” rating and issued a $205.00 target price on shares of Canadian Tire in a research report on Friday, February 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Canadian Tire in a research report on Friday, February 20th. Finally, Scotiabank raised 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 issued a Hold rating to the company’s stock. According to MarketBeat, Canadian Tire presently has an average rating of “Hold” and a consensus price target of $205.00.

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.