AutoCanada (ACQ) Set to Announce Earnings on Thursday

AutoCanada (TSE:ACQ) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of C$1.33 per share for the quarter.

AutoCanada (TSE:ACQ) last posted its earnings results on Thursday, August 10th. The company reported C$1.75 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.97 by C$0.78. The company had revenue of C$1.76 billion during the quarter, compared to analyst estimates of C$1.73 billion. AutoCanada had a net margin of 1.52% and a return on equity of 21.25%.

AutoCanada Stock Performance

AutoCanada stock opened at C$24.02 on Thursday. AutoCanada has a 1-year low of C$15.14 and a 1-year high of C$30.80. The firm has a market cap of C$567.11 million, a P/E ratio of 6.53, a P/E/G ratio of 0.30 and a beta of 2.68. The firm has a 50-day moving average of C$25.00 and a 200-day moving average of C$21.68. The company has a current ratio of 0.98, a quick ratio of 0.25 and a debt-to-equity ratio of 377.60.

Analyst Upgrades and Downgrades

ACQ has been the subject of a number of research reports. BMO Capital Markets increased their price target on shares of AutoCanada from C$20.00 to C$26.00 in a research note on Monday, August 14th. Cormark raised their target price on shares of AutoCanada from C$26.00 to C$35.00 in a research note on Friday, August 11th. CIBC raised their target price on shares of AutoCanada from C$22.00 to C$26.00 in a research note on Friday, August 11th. Finally, Royal Bank of Canada raised their target price on shares of AutoCanada from C$19.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, and vehicle protection, after-market products, and auction services.