Alimentation Couche-Tard (TSE:ATD) Announces Earnings Results

Alimentation Couche-Tard (TSE:ATD) released its earnings results on Tuesday. The company reported C$1.26 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$30.43 billion during the quarter. Alimentation Couche-Tard had a return on equity of 20.01% and a net margin of 4.11%.

Alimentation Couche-Tard Stock Up 1.0%

ATD traded up C$0.81 during trading on Tuesday, hitting C$84.28. The stock had a trading volume of 1,867,990 shares, compared to its average volume of 1,482,148. The stock has a 50 day simple moving average of C$90.16 and a two-hundred day simple moving average of C$83.71. The company has a debt-to-equity ratio of 101.65, a quick ratio of 0.88 and a current ratio of 1.12. Alimentation Couche-Tard has a twelve month low of C$68.30 and a twelve month high of C$95.15. The company has a market capitalization of C$77.37 billion, a PE ratio of 25.01, a PEG ratio of 1.35 and a beta of 0.67.

Alimentation Couche-Tard Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 23rd were paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, July 9th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is 17.53%.

Analyst Ratings Changes

Several research firms have issued reports on ATD. Royal Bank Of Canada set a C$111.00 price objective on shares of Alimentation Couche-Tard and gave the company an “outperform” rating in a research report on Wednesday, August 26th. Canaccord Genuity Group lifted their price target on shares of Alimentation Couche-Tard from C$94.00 to C$101.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Raymond James Financial boosted their price target on Alimentation Couche-Tard from C$90.00 to C$105.00 in a report on Wednesday, June 24th. Desjardins raised their price objective on Alimentation Couche-Tard from C$92.00 to C$101.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Scotia decreased their target price on Alimentation Couche-Tard from C$107.00 to C$104.00 and set a “sector outperform” rating for the company in a research report on Wednesday, August 19th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$101.40.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Ireland, Scandinavia, Poland, the Baltics, and Russia. The company primarily generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates more stores under the Circle K banner in other countries such as China, Egypt, and Malaysia.