Canadian Tire (CDNAF) Set to Announce Quarterly Earnings on Thursday

Canadian Tire (OTCMKTS:CDNAF) is expected to post its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of $2.66 per share and revenue of $3.00 billion for the quarter.

Canadian Tire (OTCMKTS:CDNAF) last posted its quarterly earnings results on Thursday, August 13th. The company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.07. Canadian Tire had a return on equity of 10.84% and a net margin of 4.09%. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.03 billion.

Canadian Tire Stock Up 2.1%

Shares of CDNAF stock opened at $150.05 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.46 and a current ratio of 1.88. Canadian Tire has a twelve month low of $102.83 and a twelve month high of $152.90. The business has a fifty day simple moving average of $138.13 and a 200 day simple moving average of $136.61.

Wall Street Analyst Weigh In

CDNAF has been the subject of several research analyst reports. Scotiabank reissued a “sector perform” rating on shares of Canadian Tire in a research note on Friday, August 14th. BMO Capital Markets restated a “market perform” rating on shares of Canadian Tire in a research note on Monday, July 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Tire in a research note on Monday, August 10th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $205.00.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited is a Canadian retail and financial services company headquartered in Toronto, Ontario. Founded in 1922, the company operates primarily in Canada through a network of associate dealer-operated and corporate stores, offering products for automotive, hardware, home, sports and recreation, seasonal activities, and outdoor living.

Its retail banners include Canadian Tire, SportChek, and Mark’s, which provide automotive parts and services, sporting goods and apparel, workwear, footwear, and everyday household and outdoor products.