Q4 2019 EPS Estimates for Canadian Tire Co. Limited Raised by Analyst (TSE:CTC)

Canadian Tire Co. Limited (TSE:CTC) – Equities research analysts at Desjardins boosted their Q4 2019 earnings per share (EPS) estimates for Canadian Tire in a research note issued to investors on Friday, November 8th. Desjardins analyst K. Howlett now anticipates that the company will earn $5.72 per share for the quarter, up from their previous forecast of $5.63.

The company has a debt-to-equity ratio of 191.49, a quick ratio of 1.22 and a current ratio of 1.70. The firm has a fifty day moving average price of C$216.48 and a 200-day moving average price of C$224.90. The company has a market capitalization of $13.07 billion and a P/E ratio of 18.31. Canadian Tire has a 1-year low of C$185.00 and a 1-year high of C$243.89.

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, January 31st will be given a $1.138 dividend. This is a boost from Canadian Tire’s previous quarterly dividend of $1.04. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.55 dividend on an annualized basis and a yield of ∞. Canadian Tire’s dividend payout ratio is presently 34.60%.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, gasoline, sporting goods and active wear, and workwear under the Canadian Tire, SportChek, Sports Experts, National Sports, Pro Hockey Life, Atmosphere, Mark's, PartSource, Gas+, and Helly Hansen banners.

Further Reading: Stocks Increasing Dividends

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

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