Alimentation Couche-Tard (OTCMKTS:ANCTF) Releases Earnings Results, Hits Expectations

Alimentation Couche-Tard (OTCMKTS:ANCTF) released its earnings results on Tuesday. The company reported $0.90 EPS for the quarter, hitting analysts’ consensus estimates of $0.90, Zacks reports.

Alimentation Couche-Tard Stock Performance

ANCTF traded up $0.69 on Tuesday, reaching $60.91. 159,513 shares of the company’s stock were exchanged, compared to its average volume of 138,095. Alimentation Couche-Tard has a twelve month low of $48.03 and a twelve month high of $67.06. The stock’s fifty day moving average price is $64.13 and its 200-day moving average price is $60.32.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ANCTF. TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Royal Bank Of Canada reissued an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, August 19th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Wednesday, June 24th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Alimentation Couche-Tard

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.