Canadian Tire (OTCMKTS:CDNAF) Issues Earnings Results

Canadian Tire (OTCMKTS:CDNAF) posted its quarterly earnings results on Thursday. The company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.07, Zacks reports. Canadian Tire had a return on equity of 10.63% and a net margin of 3.63%.

Canadian Tire Price Performance

Shares of Canadian Tire stock traded down $2.33 on Thursday, reaching $142.56. The company’s stock had a trading volume of 40 shares, compared to its average volume of 18,021. The company has a quick ratio of 1.33, a current ratio of 1.74 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $7.50 billion and a P/E ratio of 30.46. The stock has a 50-day moving average price of $138.09 and a 200-day moving average price of $135.85. Canadian Tire has a 52-week low of $102.83 and a 52-week high of $152.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CDNAF shares. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Tire in a research report on Monday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $205.00.

About Canadian Tire

Canadian Tire Corporation, Limited is a diversified Canadian retail company founded in Toronto in 1922 by John William Billes and Alfred Jackson Billes. Headquartered in Toronto, Ontario, the company operates a network of retail stores, digital channels and petroleum outlets across Canada. Through its integrated business model, Canadian Tire serves both urban and rural markets with a broad selection of products and services.

The company’s retail segment comprises its flagship Canadian Tire stores and branded gas bars, offering automotive parts and maintenance services, hardware and home improvement supplies, sports and leisure equipment, and seasonal merchandise.