Canadian Tire Co., Limited (TSE:CTC - Free Report) - Analysts at Desjardins dropped their Q3 2024 earnings per share (EPS) estimates for shares of Canadian Tire in a research note issued to investors on Tuesday, November 5th. Desjardins analyst C. Li now anticipates that the company will post earnings of $2.85 per share for the quarter, down from their prior forecast of $2.92. The consensus estimate for Canadian Tire's current full-year earnings is $13.70 per share.
Separately, TD Securities raised Canadian Tire from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 9th.
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Canadian Tire Price Performance
CTC traded up C$8.01 on Thursday, reaching C$228.01. The company had a trading volume of 783 shares, compared to its average volume of 371. The company has a market capitalization of C$779.79 million, a P/E ratio of 32.12, a PEG ratio of 0.49 and a beta of 1.33. 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 fifty day moving average of C$229.36 and a 200-day moving average of C$228.01. Canadian Tire has a one year low of C$202.00 and a one year high of C$288.08.
Canadian Tire (TSE:CTC - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported C$3.56 earnings per share for the quarter, beating the consensus estimate of C$2.46 by C$1.10. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. The firm had revenue of C$4.13 billion for the quarter, compared to the consensus estimate of C$4.07 billion.
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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