Tim Hortons (NYSE: THI) issued its quarterly earnings data on Thursday. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.07. The company had revenue of $811.60 million for the quarter, compared to the consensus estimate of $827.03 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Tim Hortons updated its FY13 guidance to $2.87-2.97 EPS.
Several analysts have also recently commented on the stock. Analysts at RBC Capital cut their price target on shares of Tim Hortons from $58.00 to $54.00 in a research note to investors on Tuesday. They now have a “sector perform” rating on the stock. On a related note, analysts at TD Securities raised their price target on shares of Tim Hortons from $52.00 to $53.00 in a research note to investors on Tuesday, January 29th. They now have a “hold” rating on the stock. Finally, analysts at Lazard Capital Markets initiated coverage on shares of Tim Hortons in a research note to investors on Tuesday, December 18th. They set a “neutral” rating on the stock.
Five equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, thirteen have given a hold rating, and two have assigned a sell rating to the stock. Tim Hortons currently has a consensus rating of “hold” and an average target price of $52.77.
Tim Hortons (THI) traded down 3.44% on Thursday, hitting $48.185. Tim Hortons (THI) has a 52-week low of $45.41 and a 52-week high of $58.47. The stock’s 50-day moving average is currently $49.76. The company has a market cap of $7.430 billion and a price-to-earnings ratio of 18.97.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 19th. Investors of record on Monday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.08%.
Tim Hortons Inc. is a quick service restaurant chain in North America. The Company’s menu includes coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including its trademark donuts.
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