AutoCanada Inc. (ACQ) to Post Q1 2018 Earnings of $0.29 Per Share, Clarus Securities Forecasts

AutoCanada Inc. (TSE:ACQ) – Investment analysts at Clarus Securities decreased their Q1 2018 earnings estimates for shares of AutoCanada in a research note issued to investors on Monday. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.31. Clarus Securities also issued estimates for AutoCanada’s Q4 2018 earnings at $0.49 EPS.

A number of other brokerages have also recently issued reports on ACQ. Canaccord Genuity increased their price objective on shares of AutoCanada from C$21.00 to C$22.00 and gave the stock a “hold” rating in a research note on Monday, November 13th. Royal Bank of Canada increased their price objective on shares of AutoCanada from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 13th. Finally, CIBC raised shares of AutoCanada from a “neutral” rating to a “sector outperform” rating and increased their price objective for the stock from C$22.00 to C$29.00 in a research note on Monday, November 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$25.00.

Shares of AutoCanada (TSE:ACQ) traded down C$0.61 during midday trading on Wednesday, hitting C$23.05. 111,766 shares of the stock were exchanged, compared to its average volume of 93,251. AutoCanada has a 1 year low of C$17.46 and a 1 year high of C$27.90.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, November 29th. This represents a $0.40 annualized dividend and a yield of 1.74%. AutoCanada’s payout ratio is 20.20%.

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About AutoCanada

AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products.

Earnings History and Estimates for AutoCanada (TSE:ACQ)

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