Canadian Tire (TSE:CTC) Stock Price Passes Below Fifty Day Moving Average of $237.11

Canadian Tire Co., Limited (TSE:CTC) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$237.11 and traded as low as C$231.00. Canadian Tire shares last traded at C$231.00, with a volume of 440 shares trading hands.

Canadian Tire Trading Up 2.4 %

The firm’s 50-day simple moving average is C$237.16 and its 200 day simple moving average is C$253.60. The company has a debt-to-equity ratio of 186.00, a current ratio of 1.76 and a quick ratio of 1.15. The firm has a market capitalization of C$790.02 million, a price-to-earnings ratio of 45.83, a P/E/G ratio of 3.55 and a beta of 1.37.

Canadian Tire (TSE:CTC) last issued its quarterly earnings results on Thursday, May 9th. The company reported C$1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.79 by C$0.59. Canadian Tire had a net margin of 1.71% and a return on equity of 5.97%. The company had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.51 billion. Equities analysts expect that Canadian Tire Co., Limited will post 11.9521912 earnings per share for the current year.

Canadian Tire Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, July 31st will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.03%. Canadian Tire’s payout ratio is currently 138.89%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.