Alimentation Couche-Tard (ATD) Scheduled to Post Earnings on Monday

Alimentation Couche-Tard (TSE:ATD) is scheduled to post its quarterly earnings results after the market closes on Monday, November 25th. Analysts expect Alimentation Couche-Tard to post earnings of C$1.03 per share for the quarter.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Wednesday, September 4th. The company reported C$1.13 EPS for the quarter, beating analysts’ consensus estimates of C$1.11 by C$0.02. Alimentation Couche-Tard had a return on equity of 19.72% and a net margin of 3.73%. The firm had revenue of C$24.99 billion for the quarter, compared to analyst estimates of C$24.73 billion.

Alimentation Couche-Tard Stock Down 2.4 %

ATD opened at C$79.37 on Monday. The stock has a fifty day moving average of C$74.93 and a 200-day moving average of C$77.56. The company has a market capitalization of C$75.24 billion, a P/E ratio of 20.51, a P/E/G ratio of 1.35 and a beta of 0.89. Alimentation Couche-Tard has a fifty-two week low of C$71.31 and a fifty-two week high of C$87.27. The company has a debt-to-equity ratio of 102.11, a quick ratio of 0.88 and a current ratio of 1.00.

Alimentation Couche-Tard Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.175 per share. The ex-dividend date was Friday, September 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.88%. Alimentation Couche-Tard’s dividend payout ratio is presently 18.09%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Alimentation Couche-Tard from C$86.00 to C$88.00 in a research note on Friday, September 6th. Canaccord Genuity Group lowered their price objective on shares of Alimentation Couche-Tard from C$85.00 to C$83.00 in a research report on Friday, September 6th. Desjardins reduced their target price on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. CIBC lowered their price target on Alimentation Couche-Tard from C$89.00 to C$88.00 in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. raised their price objective on Alimentation Couche-Tard from C$83.00 to C$87.00 in a research note on Thursday, September 19th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$88.17.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.