Canadian Tire (CTC) to Release Quarterly Earnings on Thursday

Canadian Tire (TSE:CTC) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Canadian Tire to post earnings of C$3.05 per share for the quarter.

Canadian Tire (TSE:CTC) last released its quarterly earnings results on Thursday, August 8th. The company reported C$3.56 EPS for the quarter, topping the consensus estimate of C$2.46 by C$1.10. The firm had revenue of C$4.13 billion for the quarter, compared to analyst estimates of C$4.07 billion. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%.

Canadian Tire Stock Performance

Canadian Tire stock opened at C$225.00 on Wednesday. The stock’s 50 day moving average price is C$229.36 and its 200 day moving average price is C$228.08. Canadian Tire has a one year low of C$202.00 and a one year high of C$288.08. The firm has a market capitalization of C$769.50 million, a PE ratio of 32.85, a price-to-earnings-growth ratio of 0.49 and a beta of 1.33. The company has a debt-to-equity ratio of 173.58, a quick ratio of 1.15 and a current ratio of 1.79.

Canadian Tire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, October 31st will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Thursday, October 31st. Canadian Tire’s payout ratio is 102.19%.

Analyst Ratings Changes

Separately, TD Securities raised Canadian Tire from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 9th.

About Canadian Tire

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.