Canadian Tire (OTCMKTS:CDNAF) Issues Earnings Results

Canadian Tire (OTCMKTS:CDNAF) released its quarterly earnings data on Thursday. The company reported $3.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $0.38, Zacks reports. Canadian Tire had a return on equity of 10.84% and a net margin of 4.09%.

Canadian Tire Trading Up 6.3%

Shares of Canadian Tire stock traded up $9.04 during trading on Thursday, hitting $153.04. The stock had a trading volume of 314 shares, compared to its average volume of 19,267. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.88 and a quick ratio of 1.46. The stock has a market cap of $8.05 billion and a PE ratio of 20.32. Canadian Tire has a 12 month low of $102.83 and a 12 month high of $153.44. The firm’s fifty day simple moving average is $139.13 and its 200-day simple moving average is $137.08.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a report on Monday, July 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Tire in a research note on Monday, August 10th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Canadian Tire has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation is a Canadian retail company serving customers primarily across Canada. Founded in Toronto in 1922, it has grown from an automotive-focused retailer into a group of businesses spanning a range of consumer goods and services. Its Canadian Tire stores sell products for automotive care, hardware, home improvement, housewares, outdoor living and recreation. The company also operates retail banners including SportChek, which focuses on sporting goods and activewear, and Mark’s, known for workwear and casual apparel.