Canadian Tire Co., Limited (TSE:CTC - Free Report) - Research analysts at Desjardins upped their FY2024 earnings per share estimates for Canadian Tire in a note issued to investors on Friday, November 8th. Desjardins analyst C. Li now forecasts that the company will post earnings of $12.65 per share for the year, up from their previous estimate of $12.05. The consensus estimate for Canadian Tire's current full-year earnings is $13.70 per share. Desjardins also issued estimates for Canadian Tire's FY2025 earnings at $13.35 EPS.
Separately, TD Securities raised shares of Canadian Tire from a "hold" rating to a "strong-buy" rating in a report on Friday, August 9th.
Read Our Latest Analysis on CTC
Canadian Tire Stock Performance
CTC stock remained flat at C$228.01 during mid-day trading on Monday. The firm has a fifty day moving average of C$229.28 and a 200-day moving average of C$227.74. Canadian Tire has a 52-week low of C$202.00 and a 52-week high of C$288.08. The company has a current ratio of 1.79, a quick ratio of 1.15 and a debt-to-equity ratio of 173.58. The company has a market capitalization of C$779.79 million, a price-to-earnings ratio of 33.29, a PEG ratio of 0.49 and a beta of 1.33.
Canadian Tire (TSE:CTC - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$3.56 EPS for the quarter, topping analysts' consensus estimates of C$2.46 by C$1.10. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The firm had revenue of C$4.13 billion for the quarter, compared to analyst estimates of C$4.07 billion.
Canadian Tire Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Saturday, March 1st. Shareholders of record on Friday, January 31st will be issued a $1.775 dividend. This is an increase from Canadian Tire's previous quarterly dividend of $1.75. The ex-dividend date is Friday, January 31st. This represents a $7.10 dividend on an annualized basis and a yield of 3.11%. Canadian Tire's dividend payout ratio is currently 102.19%.
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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