Canadian Tire (CDNAF) to Release Earnings on Thursday

Canadian Tire (OTCMKTS:CDNAF) is expected to issue its results before the market opens on Thursday, August 13th. Analysts expect Canadian Tire to post earnings of $2.77 per share and revenue of $3.0326 billion for the quarter.

Canadian Tire (OTCMKTS:CDNAF) last issued its earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.17. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion.

Canadian Tire Stock Performance

Shares of CDNAF opened at $146.36 on Wednesday. Canadian Tire has a 1 year low of $102.83 and a 1 year high of $152.90. The company has a market cap of $7.70 billion and a price-to-earnings ratio of 31.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. The firm has a fifty day moving average of $137.75 and a 200-day moving average of $135.72.

Analyst Ratings Changes

A number of analysts recently weighed in on CDNAF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Monday. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.