Carrefour (CRRFY) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• Carrefour is expected to announce its quarterly earnings on July 30th, with analysts predicting earnings of $0.08 per share and $22.46 billion in revenue.
• The company recently declared a $0.041 dividend, yielding 1.24%, with shareholders paid on June 24th.
• Barclays has restated an "overweight" rating on Carrefour, indicating expectations for the company's growth potential.

Carrefour (OTCMKTS:CRRFY - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.08 per share and revenue of $22.46 billion for the quarter.

Carrefour Price Performance

Shares of OTCMKTS CRRFY traded down $0.02 during trading hours on Wednesday, reaching $2.94. 120,182 shares of the stock traded hands, compared to its average volume of 560,892. The company's 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $2.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.63 and a current ratio of 0.88. Carrefour has a 52-week low of $2.53 and a 52-week high of $3.62.

Carrefour Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 24th. Investors of record on Tuesday, June 3rd were given a dividend of $0.041 per share. This represents a yield of 1.24%. The ex-dividend date was Monday, June 2nd.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an "overweight" rating on shares of Carrefour in a research note on Wednesday, April 16th.

About Carrefour

Carrefour SA engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia. The company operates hypermarkets, supermarkets, convenience stores, club stores, and cash and carry stores; e-commerce sites; and service stations.