Canadian Tire (TSE:CTC) Stock Price Passes Below Fifty Day Moving Average of $320.48

Canadian Tire Co., Limited (TSE:CTC – Get Rating) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$320.48 and traded as low as C$311.00. Canadian Tire shares last traded at C$311.00, with a volume of 103 shares.

Canadian Tire Stock Down 4.6 %

The stock has a market capitalization of C$1.06 billion, a PE ratio of 21.16, a P/E/G ratio of 2.78 and a beta of 1.25. The company has a current ratio of 1.61, a quick ratio of 1.15 and a debt-to-equity ratio of 145.08. The stock’s fifty day simple moving average is C$320.48 and its 200-day simple moving average is C$297.63.

Canadian Tire (TSE:CTC – Get Rating) last posted its earnings results on Thursday, May 11th. The company reported C$1.00 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.34 by C($0.34). The business had revenue of C$3.71 billion during the quarter, compared to analyst estimates of C$3.72 billion. As a group, sell-side analysts forecast that Canadian Tire Co., Limited will post 17.4651661 EPS for the current fiscal year.

Canadian Tire Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 31st will be paid a $1.725 dividend. This represents a $6.90 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, July 28th. Canadian Tire’s dividend payout ratio is currently 46.94%.

About Canadian Tire

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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, tires as well as automotive repair and roadside assistance; kitchen, home organization, decor and essentials, home electronics, pet, and cleaning and consumable products; tools, hardware, paint, electrical, plumbing, home environment, and smart home products; and outdoor recreation, exercise, footwear and apparel, hunting, fishing, camping, and sporting goods.