Q2 2019 EPS Estimates for Canadian Tire Co. Limited (TSE:CTC) Reduced by Analyst

Canadian Tire Co. Limited (TSE:CTC) – National Bank Financial dropped their Q2 2019 earnings estimates for shares of Canadian Tire in a report released on Monday, July 29th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $3.06 per share for the quarter, down from their previous estimate of $3.13. National Bank Financial also issued estimates for Canadian Tire’s Q3 2019 earnings at $3.54 EPS, Q4 2019 earnings at $5.12 EPS, Q1 2020 earnings at $1.21 EPS, Q2 2020 earnings at $3.29 EPS, Q3 2020 earnings at $3.79 EPS, Q4 2020 earnings at $5.51 EPS and FY2020 earnings at $13.80 EPS.

Separately, Royal Bank of Canada reiterated an “average” rating and issued a C$197.00 price objective on shares of Canadian Tire in a report on Monday, April 29th.

Shares of Canadian Tire stock opened at C$212.78 on Wednesday. Canadian Tire has a 52 week low of C$204.79 and a 52 week high of C$263.30. The company has a fifty day simple moving average of C$225.66. The firm has a market cap of $13.14 billion and a price-to-earnings ratio of 19.93. The company has a current ratio of 1.64, a quick ratio of 1.19 and a debt-to-equity ratio of 210.46.

Canadian Tire (TSE:CTC) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.41 by C($0.29). The firm had revenue of C$2.89 billion during the quarter, compared to analyst estimates of C$2.97 billion.

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.

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

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