Alimentation Couche-Tard (TSE:ATD) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Alimentation Couche-Tard (TSE:ATD) issued its quarterly earnings data on Monday. The company reported C$0.79 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.05, RTT News reports. Alimentation Couche-Tard had a return on equity of 18.96% and a net margin of 3.53%.

Alimentation Couche-Tard Trading Down 1.5%

Alimentation Couche-Tard stock traded down C$1.09 during trading on Monday, reaching C$70.93. The company had a trading volume of 2,852,511 shares, compared to its average volume of 1,424,472. The company has a debt-to-equity ratio of 101.54, a quick ratio of 0.88 and a current ratio of 0.99. The firm has a market capitalization of C$66.72 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 1.35 and a beta of 0.31. Alimentation Couche-Tard has a 12-month low of C$65.95 and a 12-month high of C$83.73. The stock’s 50 day moving average price is C$72.26 and its two-hundred day moving average price is C$71.47.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 11th. Alimentation Couche-Tard’s payout ratio is presently 20.27%.

Wall Street Analysts Forecast Growth

ATD has been the topic of a number of research reports. The Goldman Sachs Group upgraded Alimentation Couche-Tard to a “hold” rating in a research note on Friday, September 12th. Royal Bank Of Canada cut their price objective on shares of Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. National Bankshares raised their target price on shares of Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Scotiabank boosted their price target on shares of Alimentation Couche-Tard from C$78.00 to C$84.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. Finally, BMO Capital Markets increased their price target on shares of Alimentation Couche-Tard from C$75.00 to C$78.00 in a report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$85.33.

Alimentation Couche-Tard Company Profile

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.