Alimentation Couche-Tard (TSE:ATD) Posts Earnings Results, Beats Expectations By $0.05 EPS

Alimentation Couche-Tard (TSE:ATD) posted its earnings results on Monday. The company reported C$0.79 EPS for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.05, RTT News reports. Alimentation Couche-Tard had a net margin of 3.53% and a return on equity of 18.96%.

Alimentation Couche-Tard Stock Performance

TSE:ATD traded down C$1.09 during mid-day trading on Monday, hitting C$70.93. The stock had a trading volume of 2,852,511 shares, compared to its average volume of 1,424,472. The company has a current ratio of 0.99, a quick ratio of 0.88 and a debt-to-equity ratio of 101.54. The company has a 50 day simple moving average of C$72.26 and a 200-day simple moving average of C$71.47. The stock has a market capitalization of C$66.72 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.35 and a beta of 0.31. Alimentation Couche-Tard has a 52 week low of C$65.95 and a 52 week high of C$83.73.

Alimentation Couche-Tard Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, September 11th. Alimentation Couche-Tard’s dividend payout ratio (DPR) is presently 20.27%.

Analysts Set New Price Targets

Several research firms recently issued reports on ATD. CIBC lifted their price target on shares of Alimentation Couche-Tard from C$84.00 to C$87.00 and gave the stock an “outperform” rating in a research note on Thursday, September 4th. The Goldman Sachs Group raised Alimentation Couche-Tard to a “hold” rating in a research report on Friday, September 12th. National Bankshares increased their price target on Alimentation Couche-Tard from C$82.00 to C$84.00 and gave the company an “outperform” rating in a report on Thursday, September 4th. Royal Bank Of Canada dropped their price objective on Alimentation Couche-Tard from C$94.00 to C$91.00 and set an “outperform” rating on the stock in a report on Wednesday, September 3rd. Finally, TD Securities upped their target price on Alimentation Couche-Tard from C$85.00 to C$89.00 and gave the company a “buy” rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of “Buy” and an average price target of C$85.33.

About Alimentation Couche-Tard

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.