Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) – National Bank Financial boosted their FY2022 earnings per share (EPS) estimates for Alimentation Couche-Tard in a report issued on Thursday, June 16th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $3.24 per share for the year, up from their prior estimate of $3.21. The consensus estimate for Alimentation Couche-Tard’s current full-year earnings is $3.29 per share. National Bank Financial also issued estimates for Alimentation Couche-Tard’s Q4 2022 earnings at $0.66 EPS, Q2 2023 earnings at $0.81 EPS, Q3 2023 earnings at $0.83 EPS and Q4 2023 earnings at $0.64 EPS.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. lowered their price objective on Alimentation Couche-Tard from C$59.00 to C$57.00 in a research report on Thursday, May 12th. CIBC lowered their price target on Alimentation Couche-Tard from C$57.00 to C$56.00 and set an “outperform” rating on the stock in a research report on Thursday, March 17th. Scotiabank boosted their target price on shares of Alimentation Couche-Tard from C$64.00 to C$66.00 in a research report on Thursday, March 17th. Wells Fargo & Company reiterated an “outperform” rating and set a C$65.00 price target on shares of Alimentation Couche-Tard in a report on Wednesday, May 25th. Finally, TD Securities lifted their price target on Alimentation Couche-Tard from C$60.00 to C$62.00 and gave the company a “buy” rating in a research note on Thursday, March 17th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$62.60.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Shareholders of record on Thursday, April 7th were issued a $0.11 dividend. The ex-dividend date was Wednesday, March 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 0.83%. Alimentation Couche-Tard’s dividend payout ratio is currently 8.91%.
About Alimentation Couche-Tard (Get Rating)
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's banners.
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