Canadian Tire (OTCMKTS:CDNAF) Posts Earnings Results, Beats Estimates By $0.07 EPS

Canadian Tire (OTCMKTS:CDNAF) announced its quarterly earnings data on Thursday. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07, Zacks reports. Canadian Tire had a net margin of 3.63% and a return on equity of 10.63%. The company had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.03 billion.

Canadian Tire Price Performance

Shares of OTCMKTS:CDNAF traded up $1.31 during midday trading on Friday, hitting $143.87. 23 shares of the stock were exchanged, compared to its average volume of 18,079. Canadian Tire has a twelve month low of $102.83 and a twelve month high of $152.90. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $138.42 and a 200-day moving average price of $135.95. The stock has a market cap of $7.57 billion and a P/E ratio of 30.74.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Scotiabank restated a “sector perform” rating on shares of Canadian Tire in a research note on Friday. Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a research report on Monday. Finally, BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.