Alimentation Couche-Tard (TSE:ATD) Issues Earnings Results

Alimentation Couche-Tard (TSE:ATD) issued its quarterly earnings results on Tuesday. The company reported C$1.26 EPS for the quarter, FiscalAI reports. Alimentation Couche-Tard had a return on equity of 19.91% and a net margin of 3.95%.The company had revenue of C$30.43 billion for the quarter.

Alimentation Couche-Tard Price Performance

Alimentation Couche-Tard stock opened at C$82.25 on Thursday. The company has a debt-to-equity ratio of 92.19, a current ratio of 1.26 and a quick ratio of 0.88. The company has a market capitalization of C$75.50 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. Alimentation Couche-Tard has a one year low of C$68.30 and a one year high of C$95.15. The business has a 50 day simple moving average of C$89.78 and a 200 day simple moving average of C$83.72.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 23rd were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, July 9th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 17.53%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ATD shares. Canadian Imperial Bank of Commerce boosted their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$102.00 in a report on Wednesday, June 24th. Stifel Nicolaus reduced their target price on Alimentation Couche-Tard from C$110.00 to C$108.00 and set a “buy” rating for the company in a research report on Thursday, August 20th. BMO Capital Markets lifted their price target on shares of Alimentation Couche-Tard from C$84.00 to C$95.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 24th. Scotia lowered their price target on shares of Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating on the stock in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$101.40.

About Alimentation Couche-Tard

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.