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

Alimentation Couche-Tard (TSE:ATD) posted its quarterly earnings results on Monday. The company reported C$1.00 earnings per share (EPS) for the quarter, FiscalAI reports. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded down C$0.11 during mid-day trading on Monday, reaching C$82.26. 1,640,800 shares of the company’s stock were exchanged, compared to its average volume of 1,414,585. The company has a debt-to-equity ratio of 101.20, a quick ratio of 0.88 and a current ratio of 0.95. The firm has a market capitalization of C$75.53 billion, a PE ratio of 28.46, a price-to-earnings-growth ratio of 1.35 and a beta of 0.74. Alimentation Couche-Tard has a one year low of C$66.93 and a one year high of C$85.59. The business’s fifty day simple moving average is C$79.41 and its two-hundred day simple moving average is C$78.14.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.0%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is currently 19.81%.

Analyst Ratings Changes

ATD has been the subject of several recent research reports. Canaccord Genuity Group set a C$91.00 price objective on Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. Raymond James Financial increased their price target on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a research note on Thursday, March 19th. JPMorgan Chase & Co. set a C$95.00 price target on Alimentation Couche-Tard and gave the stock an “overweight” rating in a report on Thursday, March 26th. Scotia boosted their price target on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on Alimentation Couche-Tard from C$92.00 to C$89.00 in a research note on Thursday, March 19th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$92.69.

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.