FY2024 EPS Estimates for Alimentation Couche-Tard Inc. (TSE:ATD) Increased by Analyst

Alimentation Couche-Tard Inc. (TSE:ATD) – Investment analysts at Desjardins upped their FY2024 earnings per share estimates for shares of Alimentation Couche-Tard in a research report issued on Monday, September 4th. Desjardins analyst C. Li now forecasts that the company will post earnings of $3.97 per share for the year, up from their prior estimate of $3.76. The consensus estimate for Alimentation Couche-Tard’s current full-year earnings is $3.88 per share.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Tuesday, June 27th. The company reported C$0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.60 by C$0.36. The business had revenue of C$22.06 billion for the quarter, compared to analysts’ expectations of C$20.97 billion. Alimentation Couche-Tard had a return on equity of 24.73% and a net margin of 4.30%.

Several other research firms also recently weighed in on ATD. CSFB raised Alimentation Couche-Tard from a “neutral” rating to an “outperform” rating and boosted their target price for the company from C$65.00 to C$85.00 in a research report on Tuesday, July 18th. BMO Capital Markets set a C$75.00 target price on Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, August 23rd. Raymond James upped their target price on Alimentation Couche-Tard from C$75.00 to C$78.00 in a report on Friday, June 30th. JPMorgan Chase & Co. upped their price objective on Alimentation Couche-Tard from C$72.00 to C$73.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Canaccord Genuity Group set a C$78.00 price target on Alimentation Couche-Tard and gave the company a “buy” rating in a research note on Monday, August 28th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$77.46.

Alimentation Couche-Tard Stock Down 2.0 %

Shares of ATD opened at C$70.15 on Thursday. The stock has a market capitalization of C$68.51 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth ratio of 1.35 and a beta of 0.91. Alimentation Couche-Tard has a 1 year low of C$54.12 and a 1 year high of C$72.98. The business’s 50 day simple moving average is C$68.23 and its 200-day simple moving average is C$66.63. The company has a debt-to-equity ratio of 76.09, a current ratio of 1.10 and a quick ratio of 0.88.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.80%. The ex-dividend date was Thursday, July 6th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 13.46%.

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.