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

Alimentation Couche-Tard (OTCMKTS:ANCTF) posted its quarterly earnings results on Wednesday. The company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates of $0.46, Zacks reports. The company had revenue of $16.27 billion during the quarter, compared to the consensus estimate of $16.83 billion.

Alimentation Couche-Tard Trading Down 0.1%

Shares of OTCMKTS ANCTF opened at $50.38 on Friday. Alimentation Couche-Tard has a fifty-two week low of $45.61 and a fifty-two week high of $61.86. The business’s 50 day moving average price is $51.63 and its 200-day moving average price is $51.74.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ANCTF. Veritas upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Thursday, March 20th. Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a report on Tuesday, March 4th. Finally, Desjardins upgraded Alimentation Couche-Tard from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Strong Buy”.

Alimentation Couche-Tard Company Profile

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine 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.