Alimentation Couche-Tard (TSE:ATD) Issues Earnings Results

Alimentation Couche-Tard (TSE:ATD) issued its quarterly earnings results on Monday. The company reported C$1.00 earnings per share (EPS) for the quarter, FiscalAI reports. Alimentation Couche-Tard had a return on equity of 17.65% and a net margin of 3.71%.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$91.87 on Wednesday. Alimentation Couche-Tard has a twelve month low of C$66.93 and a twelve month high of C$92.60. The stock’s 50 day moving average is C$79.77 and its 200-day moving average is C$78.32. The company has a quick ratio of 0.88, a current ratio of 0.95 and a debt-to-equity ratio of 101.20. The firm has a market capitalization of C$84.36 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.35 and a beta of 0.74.

Alimentation Couche-Tard Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, April 9th were given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th. Alimentation Couche-Tard’s dividend payout ratio is presently 19.81%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ATD. Scotia raised their price objective on shares of Alimentation Couche-Tard from C$90.00 to C$94.00 and gave the stock a “sector outperform” rating in a research report on Thursday, June 11th. JPMorgan Chase & Co. set a C$95.00 target price on shares of Alimentation Couche-Tard and gave the stock an “overweight” rating in a research note on Thursday, March 26th. Canaccord Genuity Group set a C$91.00 target price on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a research note on Thursday, March 19th. Raymond James Financial raised their price target on shares of Alimentation Couche-Tard from C$85.00 to C$90.00 in a report on Thursday, March 19th. Finally, National Bank Financial upped their price objective on shares of Alimentation Couche-Tard from C$89.00 to C$91.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Alimentation Couche-Tard presently has a consensus rating of “Moderate Buy” and an average price target of C$93.15.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.