AutoCanada Inc. (TSE:ACQ) to Post FY2020 Earnings of $1.36 Per Share, Cormark Forecasts

AutoCanada Inc. (TSE:ACQ) – Equities researchers at Cormark lifted their FY2020 EPS estimates for AutoCanada in a research report issued to clients and investors on Monday, November 11th. Cormark analyst M. Macdougall now expects that the company will earn $1.36 per share for the year, up from their previous estimate of $1.09.

Other research analysts have also recently issued reports about the stock. AltaCorp Capital upgraded shares of AutoCanada from a “sector perform” rating to an “outperform” rating in a research report on Sunday, August 11th. Clarus Securities restated a “buy” rating on shares of AutoCanada in a research report on Friday, August 9th. Finally, CIBC increased their price target on shares of AutoCanada from C$11.00 to C$12.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of C$12.00.

ACQ stock opened at C$11.85 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.21 and a debt-to-equity ratio of 347.02. The company’s 50 day moving average is C$8.33 and its 200 day moving average is C$9.69. The stock has a market cap of $295.83 million and a price-to-earnings ratio of -8.65. AutoCanada has a 1-year low of C$7.33 and a 1-year high of C$13.34.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Tuesday, November 26th. AutoCanada’s payout ratio is currently -29.20%.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products, and other after-market products.

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Earnings History and Estimates for AutoCanada (TSE:ACQ)

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