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

Alimentation Couche-Tard (TSE:ATD) issued its earnings results on Monday. The company reported C$1.00 earnings per share (EPS) for the quarter, FiscalAI reports. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.

Alimentation Couche-Tard Stock Down 0.1%

Shares of TSE ATD opened at C$82.26 on Tuesday. The stock has a fifty day moving average price of C$79.49 and a 200 day moving average price of C$78.19. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 101.20. Alimentation Couche-Tard has a 12-month low of C$66.93 and a 12-month high of C$85.59. The company has a market cap of C$75.53 billion, a P/E ratio of 28.46, a P/E/G ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, April 9th were issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio is currently 19.81%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ATD shares. National Bank Financial boosted their price objective on Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. JPMorgan Chase & Co. set a C$95.00 price target on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Canaccord Genuity Group set a C$91.00 price objective on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research report on Thursday, March 19th. Scotia boosted their price target on Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the company a “sector outperform” rating in a research report on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce reduced their target price on Alimentation Couche-Tard from C$92.00 to C$89.00 in a report on Thursday, March 19th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$92.69.

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.