Alimentation Couche-Tard (OTCMKTS:ANCTF) Announces Quarterly Earnings Results

Alimentation Couche-Tard (OTCMKTS:ANCTF) issued its quarterly earnings data on Wednesday. The company reported $0.90 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.90, Zacks reports. The firm had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $20.86 billion.

Alimentation Couche-Tard Price Performance

Shares of OTCMKTS:ANCTF opened at $59.39 on Thursday. The business’s 50 day simple moving average is $63.94 and its 200 day simple moving average is $60.31. Alimentation Couche-Tard has a 1 year low of $48.03 and a 1 year high of $67.06.

Wall Street Analyst Weigh In

ANCTF has been the subject of several research reports. TD Securities reissued a “buy” rating on shares of Alimentation Couche-Tard in a report on Tuesday, August 4th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, August 19th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, June 23rd. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Alimentation Couche-Tard in a report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard is a Canadian multinational operator of convenience stores and fuel service stations. Headquartered in Laval, Quebec, the company manages a broad network of outlets offering convenience products, fresh food offerings and fuel under a variety of brand names. Its retail sites typically feature grab-and-go snacks, beverages, tobacco products and basic grocery items, alongside ancillary services such as car washes and loyalty programs.

Founded in 1980, Couche-Tard began as a single convenience store in Laval and has grown rapidly through both organic expansion and targeted acquisitions.