Alimentation Couche-Tard (ATD) Set to Announce Earnings on Monday

Alimentation Couche-Tard (TSE:ATD) is set to announce its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

Alimentation Couche-Tard (TSE:ATD) last announced its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The firm had revenue of C$24.99 billion during the quarter, compared to analysts’ expectations of C$24.73 billion.

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$79.37 on Monday. Alimentation Couche-Tard has a twelve month low of C$71.31 and a twelve month high of C$87.27. The stock’s 50 day moving average is C$74.93 and its 200-day moving average is C$77.56. The company has a quick ratio of 0.88, a current ratio of 1.00 and a debt-to-equity ratio of 102.11. The firm has a market capitalization of C$75.24 billion, a price-to-earnings ratio of 20.51, a PEG ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.175 per share. The ex-dividend date was Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 18.09%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATD shares. Desjardins reduced their price objective on shares of Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. Stifel Nicolaus lifted their price target on Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. National Bankshares decreased their price objective on Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. Canaccord Genuity Group dropped their target price on Alimentation Couche-Tard from C$85.00 to C$83.00 in a report on Friday, September 6th. Finally, CIBC cut their target price on Alimentation Couche-Tard from C$89.00 to C$88.00 in a research report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$88.17.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.