Q2 2024 Earnings Forecast for Canadian Tire Co., Limited (TSE:CTC) Issued By National Bank Financial

Canadian Tire Co., Limited (TSE:CTC) – Stock analysts at National Bank Financial reduced their Q2 2024 EPS estimates for shares of Canadian Tire in a research report issued on Wednesday, July 3rd. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $2.74 for the quarter, down from their previous estimate of $2.83. The consensus estimate for Canadian Tire’s current full-year earnings is $11.95 per share. National Bank Financial also issued estimates for Canadian Tire’s Q3 2024 earnings at $3.49 EPS, Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $3.37 EPS, Q3 2025 earnings at $4.05 EPS and Q4 2025 earnings at $5.60 EPS.

Canadian Tire Stock Down 1.4 %

Canadian Tire stock opened at C$215.01 on Monday. Canadian Tire has a twelve month low of C$211.00 and a twelve month high of C$300.00. The firm has a 50 day moving average price of C$229.73 and a 200-day moving average price of C$248.15. The company has a market capitalization of C$735.33 million, a P/E ratio of 42.66, a P/E/G ratio of 3.55 and a beta of 1.37. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 186.00.

Canadian Tire (TSE:CTC) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$1.38 EPS for the quarter, beating the consensus estimate of C$0.79 by C$0.59. The firm had revenue of C$3.52 billion during the quarter, compared to analyst estimates of C$3.51 billion. Canadian Tire had a net margin of 1.71% and a return on equity of 5.97%.

Canadian Tire Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 1st. Stockholders of record on Wednesday, July 31st will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Wednesday, July 31st. Canadian Tire’s dividend payout ratio is currently 138.89%.

About Canadian Tire

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.