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

Canadian Tire (OTCMKTS:CDNAF) posted its earnings results on Thursday. The company reported $2.85 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.07, Zacks reports. The business had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.03 billion. Canadian Tire had a net margin of 4.09% and a return on equity of 10.89%.

Canadian Tire Stock Up 0.3%

CDNAF opened at $143.03 on Friday. Canadian Tire has a 52 week low of $102.83 and a 52 week high of $152.90. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. The business has a 50 day moving average price of $138.71 and a two-hundred day moving average price of $136.00. The company has a market cap of $7.52 billion and a PE ratio of 30.56.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Monday. BMO Capital Markets reiterated a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Canadian Tire in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $205.00.

About Canadian Tire

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.