Q2 2024 Earnings Estimate for Canadian Tire Co., Limited Issued By National Bank Financial (TSE:CTC)

Canadian Tire Co., Limited (TSE:CTCFree Report) – National Bank Financial cut their Q2 2024 earnings per share estimates for Canadian Tire in a report issued on Wednesday, July 3rd. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $2.74 per share for the quarter, down from their prior forecast of $2.83. The consensus estimate for Canadian Tire’s current full-year earnings is $11.95 per share. National Bank Financial also issued estimates for Canadian Tire’s Q3 2024 earnings at $3.49 EPS, Q1 2025 earnings at $1.59 EPS, Q2 2025 earnings at $3.37 EPS, Q3 2025 earnings at $4.05 EPS and Q4 2025 earnings at $5.60 EPS.

Canadian Tire (TSE:CTCGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.79 by C$0.59. Canadian Tire had a net margin of 1.71% and a return on equity of 5.97%. The company had revenue of C$3.52 billion for the quarter, compared to the consensus estimate of C$3.51 billion.

Canadian Tire Trading Down 0.9 %

Shares of TSE:CTC opened at C$218.00 on Monday. The company’s 50-day moving average price is C$230.94 and its two-hundred day moving average price is C$248.52. Canadian Tire has a one year low of C$211.00 and a one year high of C$300.00. The company has a debt-to-equity ratio of 186.00, a current ratio of 1.76 and a quick ratio of 1.15. The stock has a market capitalization of C$745.56 million, a PE ratio of 43.25, a price-to-earnings-growth ratio of 3.55 and a beta of 1.37.

Canadian Tire Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Wednesday, July 31st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $7.00 annualized dividend and a yield of 3.21%. Canadian Tire’s dividend payout ratio (DPR) is presently 138.89%.

Canadian Tire Company Profile

(Get Free Report)

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, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.

See Also

Earnings History and Estimates for Canadian Tire (TSE:CTC)

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