AutoCanada (ACQ) Scheduled to Post Earnings on Thursday

AutoCanada (TSE:ACQ) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect AutoCanada to post earnings of C$0.40 per share for the quarter.

AutoCanada (TSE:ACQ) last posted its earnings results on Thursday, March 7th. The company reported C$0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.56 by C$0.13. AutoCanada had a return on equity of 10.23% and a net margin of 0.78%. The business had revenue of C$1.48 billion during the quarter, compared to analyst estimates of C$1.43 billion.

AutoCanada Price Performance

Shares of TSE ACQ opened at C$23.91 on Thursday. AutoCanada has a fifty-two week low of C$15.14 and a fifty-two week high of C$27.54. The business has a 50 day moving average price of C$23.73 and a two-hundred day moving average price of C$22.52. The company has a quick ratio of 0.25, a current ratio of 1.04 and a debt-to-equity ratio of 396.08. The firm has a market cap of C$564.52 million, a PE ratio of 11.61, a price-to-earnings-growth ratio of 0.30 and a beta of 2.60.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on AutoCanada from C$24.00 to C$23.00 and set a “market perform” rating for the company in a research note on Friday, March 8th. Scotiabank raised their price objective on AutoCanada from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. Canaccord Genuity Group lowered their price objective on AutoCanada from C$22.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, March 8th. Cormark set a C$35.00 price objective on AutoCanada in a research note on Tuesday, March 19th. Finally, National Bankshares lowered their price objective on AutoCanada from C$24.50 to C$22.00 and set a “sector perform” rating for the company in a research note on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, AutoCanada currently has a consensus rating of “Hold” and an average target price of C$27.95.

Insiders Place Their Bets

In other news, insider EdgePoint Investment Group Inc. bought 21,200 shares of AutoCanada stock in a transaction on Tuesday, March 19th. The shares were bought at an average price of C$26.64 per share, with a total value of C$564,865.52. Insiders have bought a total of 33,450 shares of company stock valued at $857,115 in the last quarter. Insiders own 4.70% of the company’s stock.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. 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, and extended service contracts; and vehicle protection, after-market products, and auction services.