Alimentation Couche-Tard (OTCMKTS:ANCTF) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Alimentation Couche-Tard (OTCMKTS:ANCTF) announced its earnings results on Monday. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19, Zacks reports.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock traded down $0.44 during mid-day trading on Monday, hitting $57.91. 301,741 shares of the company’s stock were exchanged, compared to its average volume of 116,248. Alimentation Couche-Tard has a fifty-two week low of $47.24 and a fifty-two week high of $62.58. The company’s 50 day simple moving average is $57.52 and its 200-day simple moving average is $56.78.

Analysts Set New Price Targets

Separately, Scotiabank reissued an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Alimentation Couche-Tard presently has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.