Canadian Tire (OTCMKTS:CDNAF) Announces Earnings Results, Beats Estimates By $0.07 EPS

Canadian Tire (OTCMKTS:CDNAF) issued its quarterly earnings data on Thursday. The company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.07, Zacks reports. Canadian Tire had a net margin of 3.63% and a return on equity of 10.63%.

Canadian Tire Price Performance

Canadian Tire stock traded down $2.33 during trading hours on Thursday, reaching $142.56. 40 shares of the stock were exchanged, compared to its average volume of 18,021. The stock has a 50 day moving average of $138.09 and a two-hundred day moving average of $135.85. The company has a market cap of $7.50 billion and a P/E ratio of 30.46. The company has a current ratio of 1.74, a quick ratio of 1.33 and a debt-to-equity ratio of 0.83. Canadian Tire has a twelve month low of $102.83 and a twelve month high of $152.90.

Analyst Upgrades and Downgrades

CDNAF has been the topic of several recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a report on Monday. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $205.00.

About Canadian Tire

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.