Canadian Tire Co., Limited (TSE:CTC - Free Report) - Equities research analysts at Desjardins decreased their Q3 2024 EPS estimates for Canadian Tire in a research report issued on Monday, May 6th. Desjardins analyst C. Li now expects that the company will earn $3.00 per share for the quarter, down from their prior estimate of $3.31. The consensus estimate for Canadian Tire's current full-year earnings is $11.18 per share. Desjardins also issued estimates for Canadian Tire's Q4 2024 earnings at $4.87 EPS.
Canadian Tire (TSE:CTC - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of C$4.81 by C($1.43). The firm had revenue of C$4.44 billion for the quarter, compared to analyst estimates of C$4.84 billion. Canadian Tire had a return on equity of 5.03% and a net margin of 1.28%.
Canadian Tire Trading Up 2.1 %
Canadian Tire stock traded up C$5.00 during mid-day trading on Wednesday, hitting C$240.01. The stock had a trading volume of 100 shares, compared to its average volume of 402. The stock has a market capitalization of C$820.83 million, a PE ratio of 63.66, a P/E/G ratio of 3.55 and a beta of 1.37. Canadian Tire has a 12 month low of C$224.35 and a 12 month high of C$325.90. The company has a current ratio of 1.77, a quick ratio of 1.15 and a debt-to-equity ratio of 180.91. The stock has a 50-day simple moving average of C$244.35 and a two-hundred day simple moving average of C$259.23.
Canadian Tire Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Tuesday, April 30th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Monday, April 29th. Canadian Tire's dividend payout ratio is 185.68%.
About Canadian Tire
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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.
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