Canadian Tire (CDNAF) Projected to Announce Quarterly Earnings on Thursday

Canadian Tire (OTCMKTS:CDNAF) is anticipated to release its results before the market opens on Thursday, November 12th. Analysts expect Canadian Tire to announce earnings of $2.66 per share and revenue of $3.00 billion for the quarter.

Canadian Tire (OTCMKTS:CDNAF) last posted its earnings results on Thursday, August 13th. The company reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. Canadian Tire had a net margin of 4.09% and a return on equity of 10.84%. The firm had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.03 billion.

Canadian Tire Stock Up 2.1%

Shares of OTCMKTS CDNAF opened at $150.05 on Thursday. The firm has a 50 day moving average price of $138.13 and a two-hundred day moving average price of $136.61. Canadian Tire has a 52-week low of $102.83 and a 52-week high of $152.90. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.46 and a current ratio of 1.88.

Wall Street Analysts Forecast Growth

CDNAF has been the topic of several analyst reports. Scotiabank reissued a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a Canadian retail and financial services company headquartered in Toronto, Ontario. Founded in 1922, the company operates primarily in Canada through a network of associate dealer-operated and corporate stores, offering products for automotive, hardware, home, sports and recreation, seasonal activities, and outdoor living.

Its retail banners include Canadian Tire, SportChek, and Mark’s, which provide automotive parts and services, sporting goods and apparel, workwear, footwear, and everyday household and outdoor products.