Canadian Tire Co., Limited (TSE:CTC – Get Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$226.64 and traded as high as C$230.15. Canadian Tire shares last traded at C$230.15, with a volume of 169 shares.
Wall Street Analyst Weigh In
Separately, TD Securities upgraded shares of Canadian Tire from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 9th.
Read Our Latest Analysis on Canadian Tire
Canadian Tire Stock Up 0.1 %
Canadian Tire (TSE:CTC – Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$3.56 earnings per share for the quarter, topping the consensus estimate of C$2.46 by C$1.10. The business had revenue of C$4.13 billion during the quarter, compared to analyst estimates of C$4.07 billion. Canadian Tire had a return on equity of 7.45% and a net margin of 2.33%. As a group, research analysts predict that Canadian Tire Co., Limited will post 13.6946658 earnings per share for the current fiscal year.
Canadian Tire Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Investors of record on Thursday, October 31st will be paid a $1.75 dividend. The ex-dividend date is Thursday, October 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.04%. Canadian Tire’s dividend payout ratio is currently 102.49%.
About Canadian Tire
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.
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