Alimentation Couche-Tard (OTCMKTS:ANCTF) Announces Earnings Results, Beats Estimates By $0.19 EPS

Alimentation Couche-Tard (OTCMKTS:ANCTF) issued its earnings results on Monday. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19, Zacks reports. The business had revenue of $19.49 billion for the quarter, compared to the consensus estimate of $18.51 billion.

Alimentation Couche-Tard Stock Performance

ANCTF opened at $64.40 on Wednesday. Alimentation Couche-Tard has a one year low of $47.24 and a one year high of $65.14. The company has a fifty day moving average price of $57.70 and a 200-day moving average price of $56.90.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.