Q3 2024 EPS Estimates for Canadian Tire Co., Limited (TSE:CTC) Decreased by Analyst

Canadian Tire Co., Limited (TSE:CTC) – Stock analysts at Desjardins cut their Q3 2024 earnings per share (EPS) estimates for shares of Canadian Tire in a research report issued to clients and investors on Monday, May 6th. Desjardins analyst C. Li now forecasts that the company will post earnings of $3.00 per share for the quarter, down from their previous forecast of $3.31. The consensus estimate for Canadian Tire’s current full-year earnings is $11.18 per share. Desjardins also issued estimates for Canadian Tire’s Q4 2024 earnings at $4.87 EPS.

Canadian Tire (TSE:CTC) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$4.81 by C($1.43). The business had revenue of C$4.44 billion during the quarter, compared to the consensus estimate of C$4.84 billion. Canadian Tire had a net margin of 1.28% and a return on equity of 5.03%.

Canadian Tire Price Performance

Shares of TSE CTC opened at C$240.01 on Wednesday. The stock has a market capitalization of C$820.83 million, a PE ratio of 63.66, a P/E/G ratio of 3.55 and a beta of 1.37. Canadian Tire has a fifty-two week low of C$224.35 and a fifty-two week high of C$325.90. The company has a debt-to-equity ratio of 180.91, a current ratio of 1.77 and a quick ratio of 1.15. The business has a fifty day moving average price of C$244.17 and a two-hundred day moving average price of C$259.10.

Canadian Tire Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, April 30th will be given a dividend of $1.75 per share. The ex-dividend date is Monday, April 29th. This represents a $7.00 annualized dividend and a dividend yield of 2.92%. Canadian Tire’s dividend payout ratio is 185.68%.

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.