Canadian Tire (TSE:CTC) Stock Price Down 1%

Canadian Tire Co. Limited (TSE:CTC) fell 1% during mid-day trading on Tuesday . The stock traded as low as C$181.00 and last traded at C$181.00, 806 shares changed hands during mid-day trading. An increase of 47% from the average session volume of 550 shares. The stock had previously closed at C$182.90.

Separately, Desjardins reissued a “buy” rating on shares of Canadian Tire in a research note on Thursday, November 28th.

The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 191.49. The firm has a market cap of $11.32 billion and a P/E ratio of 16.40. The company’s 50 day simple moving average is C$187.21 and its 200-day simple moving average is C$213.09.

Canadian Tire (TSE:CTC) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$3.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$3.51 by C($0.31). The business had revenue of C$3.64 billion for the quarter, compared to analyst estimates of C$3.67 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, January 31st will be paid a $1.138 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.55 annualized dividend and a yield of 2.48%. This is an increase from Canadian Tire’s previous quarterly dividend of $1.04. Canadian Tire’s dividend payout ratio (DPR) is presently 35.82%.

Canadian Tire Company Profile (TSE:CTC)

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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