Canadian Tire Co., Limited (TSE:CTC - Get Free Report)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$224.15 and traded as low as C$220.01. Canadian Tire shares last traded at C$237.64, with a volume of 1,405 shares.
Wall Street Analysts Forecast Growth
Separately, TD Securities raised Canadian Tire from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 9th.
Check Out Our Latest Stock Analysis on CTC
Canadian Tire Stock Down 1.1 %
The stock has a 50-day moving average price of C$224.15 and a 200-day moving average price of C$230.83. The company has a market capitalization of C$803.67 million, a P/E ratio of 34.74, a P/E/G ratio of 3.55 and a beta of 1.33. 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 (TSE:CTC - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$3.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of C$4.07 billion. On average, research analysts predict that Canadian Tire Co., Limited will post 13.7010676 EPS for the current fiscal year.
Canadian Tire Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, October 31st will be issued a $1.75 dividend. The ex-dividend date is Thursday, October 31st. This represents a $7.00 annualized dividend and a yield of 2.98%. Canadian Tire's payout ratio is 102.34%.
About Canadian Tire
(
Get Free Report)
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.
Further Reading
Before you consider Canadian Tire, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Tire wasn't on the list.
While Canadian Tire currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
