Canadian Tire (OTCMKTS:CDNAF) Releases Earnings Results, Beats Expectations By $0.07 EPS

Canadian Tire (OTCMKTS:CDNAF) released its earnings results on Thursday. The company reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.07, Zacks reports. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

Canadian Tire Stock Performance

CDNAF stock traded down $2.33 during mid-day trading on Thursday, hitting $142.56. 40 shares of the company were exchanged, compared to its average volume of 18,021. Canadian Tire has a 1-year low of $102.83 and a 1-year high of $152.90. The stock has a market capitalization of $7.50 billion and a PE ratio of 30.46. The business has a 50 day simple moving average of $138.09 and a 200-day simple moving average of $135.85. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83.

Wall Street Analyst Weigh In

CDNAF has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research note on Monday. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $205.00.

Canadian Tire Company Profile

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.