Canadian Tire Co., Limited (TSE:CTC - Free Report) - Equities research analysts at Desjardins upped their Q4 2024 EPS estimates for Canadian Tire in a research report issued on Tuesday, November 5th. Desjardins analyst C. Li now expects that the company will post earnings per share of $4.26 for the quarter, up from their previous forecast of $4.20. The consensus estimate for Canadian Tire's current full-year earnings is $13.70 per share.
Canadian Tire (TSE:CTC - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$3.56 earnings per share for the quarter, topping analysts' consensus estimates of C$2.46 by C$1.10. The business had revenue of C$4.13 billion for the quarter, compared to analysts' expectations of C$4.07 billion. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.
Separately, TD Securities upgraded shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 9th.
View Our Latest Report on Canadian Tire
Canadian Tire Price Performance
CTC traded up C$8.01 during trading on Friday, reaching C$228.01. 800 shares of the stock were exchanged, compared to its average volume of 371. Canadian Tire has a 1 year low of C$202.00 and a 1 year high of C$288.08. The company has a market capitalization of C$779.79 million, a price-to-earnings ratio of 33.29, a P/E/G ratio of 0.49 and a beta of 1.33. The business's 50 day moving average price is C$229.28 and its two-hundred day moving average price is C$227.90. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15.
Canadian Tire Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, January 31st will be issued a $1.775 dividend. This represents a $7.10 dividend on an annualized basis and a dividend yield of 3.11%. This is a boost from Canadian Tire's previous quarterly dividend of $1.75. The ex-dividend date is Friday, January 31st. Canadian Tire's payout ratio is 102.19%.
Canadian Tire Company Profile
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Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.
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