Canadian Tire (OTCMKTS:CDNAF) Announces Earnings Results

Canadian Tire (OTCMKTS:CDNAF) issued its earnings results on Thursday. The company reported $3.21 earnings per share (EPS) for the quarter, Zacks reports.

Canadian Tire Stock Performance

Shares of OTCMKTS:CDNAF traded down $0.08 during trading on Thursday, hitting $134.87. 501 shares of the company’s stock were exchanged, compared to its average volume of 11,800. The business’s 50-day simple moving average is $127.01 and its 200 day simple moving average is $123.30. Canadian Tire has a 52-week low of $94.66 and a 52-week high of $146.30.

Analyst Upgrades and Downgrades

Separately, Scotiabank reaffirmed an “underperform” rating on shares of Canadian Tire in a research report on Thursday, January 15th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

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.