Alimentation Couche-Tard (ATD) Set to Announce Quarterly Earnings on Monday

Alimentation Couche-Tard (TSE:ATD) will be issuing its quarterly earnings data after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of C$1.03 per share for the quarter.

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

Alimentation Couche-Tard Price Performance

Shares of TSE:ATD opened at C$78.59 on Friday. The business has a fifty day simple moving average of C$75.09 and a 200 day simple moving average of C$77.65. The company has a current ratio of 1.00, a quick ratio of 0.88 and a debt-to-equity ratio of 102.11. Alimentation Couche-Tard has a 1 year low of C$71.31 and a 1 year high of C$87.27. The firm has a market cap of C$74.50 billion, a price-to-earnings ratio of 20.31, a P/E/G ratio of 1.35 and a beta of 0.89.

Alimentation Couche-Tard Dividend Announcement

The company also recently declared 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 0.89%. Alimentation Couche-Tard’s dividend payout ratio is 18.09%.

Analyst Upgrades and Downgrades

ATD has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on shares of Alimentation Couche-Tard from C$83.00 to C$87.00 in a research report on Thursday, September 19th. Stifel Nicolaus lifted 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 increased their target price on shares of Alimentation Couche-Tard from C$83.00 to C$85.00 in a research report on Wednesday. National Bankshares cut their target price on Alimentation Couche-Tard from C$86.00 to C$85.00 in a report on Friday, September 6th. Finally, Desjardins decreased their price target on Alimentation Couche-Tard from C$96.00 to C$94.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$88.33.

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.