Canadian Tire (CTC) Set to Announce Quarterly Earnings on Thursday

Canadian Tire (TSE:CTC) is scheduled to be announcing its earnings results before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of C$2.50 per share for the quarter.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, May 9th. The company reported C$1.38 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.79 by C$0.59. Canadian Tire had a return on equity of 5.97% and a net margin of 1.71%. The company had revenue of C$3.52 billion during the quarter, compared to the consensus estimate of C$3.51 billion.

Canadian Tire Stock Up 0.6 %

Shares of Canadian Tire stock opened at C$216.38 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 186.00. Canadian Tire has a 12 month low of C$202.50 and a 12 month high of C$297.89. The business has a fifty day simple moving average of C$219.41 and a 200 day simple moving average of C$238.50. The stock has a market cap of C$740.00 million, a PE ratio of 42.93, a price-to-earnings-growth ratio of 3.55 and a beta of 1.37.

Canadian Tire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Wednesday, July 31st will be paid a $1.75 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.24%. Canadian Tire’s payout ratio is 138.89%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.