Desjardins Lowers Alimentation Couche-Tard (TSE:ATD) to Hold

Desjardins downgraded shares of Alimentation Couche-Tard (TSE:ATD) from a buy rating to a hold rating in a research report released on Thursday, Zacks.com reports. Desjardins also issued estimates for Alimentation Couche-Tard’s Q4 2019 earnings at $0.74 EPS, FY2019 earnings at $4.40 EPS, Q1 2020 earnings at $1.38 EPS, Q2 2020 earnings at $1.17 EPS, FY2020 earnings at $4.35 EPS and FY2021 earnings at $4.78 EPS.

Alimentation Couche-Tard (TSE:ATD) last issued its quarterly earnings data on Tuesday, July 9th. The company reported C$0.69 EPS for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.03). The business had revenue of C$17.44 billion for the quarter, compared to analysts’ expectations of C$18.13 billion.

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