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

Canadian Tire (TSE:CTC) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Canadian Tire to post earnings of C$3.05 per share for the quarter.

Canadian Tire (TSE:CTC) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.46 by C$1.10. Canadian Tire had a net margin of 2.33% and a return on equity of 7.45%. The company had revenue of C$4.13 billion for the quarter, compared to the consensus estimate of C$4.07 billion.

Canadian Tire Stock Performance

Shares of TSE:CTC traded down C$0.25 on Tuesday, reaching C$231.75. The company’s stock had a trading volume of 100 shares, compared to its average volume of 360. The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. Canadian Tire has a 52-week low of C$202.00 and a 52-week high of C$288.08. The stock’s 50-day moving average is C$229.26 and its two-hundred day moving average is C$228.10. The stock has a market capitalization of C$792.59 million, a P/E ratio of 33.83, a PEG ratio of 0.49 and a beta of 1.33.

Canadian Tire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Shareholders of record on Thursday, October 31st will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $7.00 annualized dividend and a yield of 3.02%. Canadian Tire’s dividend payout ratio is currently 102.19%.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 9th.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.