Canadian Tire Co., Limited (TSE:CTC - Free Report) - National Bank Financial dropped their FY2024 earnings per share estimates for shares of Canadian Tire in a note issued to investors on Thursday, January 30th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $13.16 per share for the year, down from their prior estimate of $13.29. The consensus estimate for Canadian Tire's current full-year earnings is $13.70 per share. National Bank Financial also issued estimates for Canadian Tire's Q4 2024 earnings at $4.62 EPS, Q1 2025 earnings at $1.54 EPS, Q2 2025 earnings at $4.08 EPS, Q3 2025 earnings at $4.09 EPS, Q4 2025 earnings at $5.37 EPS and FY2025 earnings at $15.08 EPS.
Canadian Tire (TSE:CTC - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$3.59 earnings per share for the quarter, beating the consensus estimate of C$3.02 by C$0.57. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. During the same period in the previous year, the firm earned $2.96 earnings per share.
Separately, Royal Bank of Canada cut Canadian Tire from a "moderate buy" rating to a "hold" rating in a report on Friday, November 8th.
Read Our Latest Stock Analysis on Canadian Tire
Canadian Tire Price Performance
Shares of CTC stock traded up C$12.32 on Monday, reaching C$232.32. The company's stock had a trading volume of 222 shares, compared to its average volume of 629. Canadian Tire has a 12-month low of C$192.10 and a 12-month high of C$275.36. The stock's 50 day simple moving average is C$217.99 and its 200-day simple moving average is C$222.69. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$794.53 million, a P/E ratio of 33.92, a PEG ratio of 0.49 and a beta of 1.33.
About Canadian Tire
(
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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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