Canadian Tire (TSE:CTC) Share Price Passes Above 50 Day Moving Average of $221.88

Canadian Tire Co., Limited (TSE:CTC) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$221.88 and traded as high as C$231.00. Canadian Tire shares last traded at C$231.00, with a volume of 177 shares trading hands.

Analyst Upgrades and Downgrades

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

Canadian Tire Stock Up 0.2 %

The company has a debt-to-equity ratio of 173.58, a current ratio of 1.79 and a quick ratio of 1.15. The company has a 50-day simple moving average of C$221.88 and a 200-day simple moving average of C$231.53. The firm has a market cap of C$790.02 million, a PE ratio of 33.82, a price-to-earnings-growth ratio of 3.55 and a beta of 1.33.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 EPS for the quarter, beating the consensus estimate 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 company had revenue of C$4.13 billion for the quarter, compared to the consensus estimate of C$4.07 billion. Analysts expect that Canadian Tire Co., Limited will post 13.7067938 earnings per share for the current fiscal year.

Canadian Tire Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 3.03%. The ex-dividend date is Thursday, October 31st. Canadian Tire’s dividend payout ratio is presently 102.49%.

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.