AutoCanada Inc. (ACQ) to Post Q4 2019 Earnings of $0.30 Per Share, Clarus Securities Forecasts

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AutoCanada Inc. (TSE:ACQ) – Equities researchers at Clarus Securities raised their Q4 2019 EPS estimates for shares of AutoCanada in a research report issued to clients and investors on Monday, March 18th. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings of $0.30 per share for the quarter, up from their previous estimate of $0.28.

Other equities research analysts have also recently issued reports about the company. CIBC lowered their target price on AutoCanada from C$13.00 to C$12.50 in a research note on Tuesday. National Bank Financial decreased their price objective on AutoCanada from C$12.50 to C$10.00 and set a “sector perform” rating for the company in a research note on Monday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$14.46.

TSE ACQ opened at C$11.51 on Wednesday. The firm has a market capitalization of $325.17 million and a PE ratio of -4.04. AutoCanada has a 52 week low of C$8.36 and a 52 week high of C$23.86. The company has a quick ratio of 0.19, a current ratio of 1.12 and a debt-to-equity ratio of 241.62.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.48%. AutoCanada’s dividend payout ratio (DPR) is presently -14.04%.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, and other after-market products.

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