Canadian Tire (CDNAF) to Release Earnings on Thursday

Canadian Tire (OTCMKTS:CDNAF) will likely be releasing its results before the market opens on Thursday, August 13th. Analysts expect Canadian Tire to announce earnings of $2.77 per share and revenue of $3.0326 billion for the quarter.

Canadian Tire (OTCMKTS:CDNAF) last issued its quarterly earnings results on Thursday, May 14th. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.17. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.55 billion. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

Canadian Tire Stock Performance

Shares of CDNAF opened at $146.68 on Tuesday. The stock has a market capitalization of $7.72 billion and a P/E ratio of 31.34. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.33 and a current ratio of 1.74. Canadian Tire has a 1 year low of $102.83 and a 1 year high of $152.90. The company’s fifty day moving average is $137.38 and its two-hundred day moving average is $135.57.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued 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. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Tire currently has an average rating of “Hold” and an average target price of $205.00.

Canadian Tire Company Profile

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.