Canadian Tire Co., Limited (TSE:CTC – Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$224.15 and traded as low as C$220.01. Canadian Tire shares last traded at C$237.64, with a volume of 1,405 shares.
Analyst Upgrades and Downgrades
Separately, TD Securities upgraded Canadian Tire from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 9th.
View Our Latest Stock Analysis on CTC
Canadian Tire Stock Up 4.8 %
Canadian Tire (TSE:CTC – Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.46 by C$1.10. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. The business had revenue of C$4.13 billion for the quarter, compared to analysts’ expectations of C$4.07 billion. Equities research analysts forecast that Canadian Tire Co., Limited will post 13.7010676 earnings per share for the current fiscal year.
Canadian Tire Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, October 31st will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Thursday, October 31st. Canadian Tire’s dividend payout ratio is currently 102.34%.
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.
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