Alimentation Couche-Tard (OTCMKTS:ANCTF) Issues Quarterly Earnings Results

Alimentation Couche-Tard (OTCMKTS:ANCTF) announced its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.90, Zacks reports. The company had revenue of $21.70 billion for the quarter, compared to analysts’ expectations of $20.86 billion.

Alimentation Couche-Tard Stock Up 0.1%

Alimentation Couche-Tard stock opened at $59.46 on Friday. The company has a 50 day moving average price of $63.81 and a 200-day moving average price of $60.29. Alimentation Couche-Tard has a fifty-two week low of $48.03 and a fifty-two week high of $67.06.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Wednesday, June 24th. Scotiabank restated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. TD Securities reiterated a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, June 23rd. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Alimentation Couche-Tard

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.