Alimentation Couche-Tard (TSE:ATD) Issues Quarterly Earnings Results

Alimentation Couche-Tard (TSE:ATD) posted its quarterly earnings results on Tuesday. The company reported C$1.26 EPS for the quarter, FiscalAI reports. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a net margin of 4.11% and a return on equity of 20.01%.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at C$84.28 on Wednesday. The stock has a market cap of C$77.37 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company has a fifty day simple moving average of C$90.01 and a 200-day simple moving average of C$83.72. Alimentation Couche-Tard has a 12-month low of C$68.30 and a 12-month high of C$95.15. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 101.65.

Alimentation Couche-Tard Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 23rd were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, July 9th. Alimentation Couche-Tard’s payout ratio is 17.53%.

Analysts Set New Price Targets

ATD has been the topic of several analyst reports. BMO Capital Markets increased their price objective on Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the company a “market perform” rating in a research note on Wednesday, June 24th. TD boosted their target price on Alimentation Couche-Tard from C$100.00 to C$109.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Desjardins upped their price target on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Stifel Nicolaus reduced their price target on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Finally, National Bank Financial lifted their price objective on Alimentation Couche-Tard from C$91.00 to C$102.00 and gave the company an “outperform” rating in a research note on Wednesday, June 24th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$101.40.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.