Canadian Tire (OTCMKTS:CDNAF) Posts Earnings Results, Beats Expectations By $0.17 EPS

Canadian Tire (OTCMKTS:CDNAF) announced its quarterly earnings data on Thursday. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.17, Zacks reports. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.55 billion. Canadian Tire had a net margin of 3.63% and a return on equity of 10.65%.

Canadian Tire Price Performance

OTCMKTS:CDNAF opened at $123.59 on Friday. Canadian Tire has a one year low of $102.83 and a one year high of $152.90. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.83. The firm has a market cap of $6.54 billion and a price-to-earnings ratio of 38.50. The firm’s fifty day moving average is $137.44 and its two-hundred day moving average is $129.96.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CDNAF. Scotiabank raised shares of Canadian Tire from an “underperform” rating to a “sector perform” rating in a report on Friday, February 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Canadian Tire in a report on Thursday, May 7th. BMO Capital Markets reissued a “market perform” rating on shares of Canadian Tire in a report on Friday. TD Securities reissued a “hold” rating and set a $205.00 price objective on shares of Canadian Tire in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Canadian Tire in a report on Friday, February 20th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $205.00.

Canadian Tire Company Profile

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.