Canadian Tire Co. Limited Expected to Post Q2 2019 Earnings of $3.34 Per Share (CTC)

Canadian Tire Co. Limited (TSE:CTC) – Analysts at National Bank Financial reduced their Q2 2019 EPS estimates for Canadian Tire in a research note issued to investors on Thursday, August 9th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $3.34 per share for the quarter, down from their prior forecast of $3.39. National Bank Financial also issued estimates for Canadian Tire’s FY2019 earnings at $12.49 EPS.

CTC stock opened at C$255.00 on Monday. Canadian Tire has a 52 week low of C$226.11 and a 52 week high of C$269.90.

Canadian Tire (TSE:CTC) last released its earnings results on Thursday, August 9th. The company reported C$2.60 EPS for the quarter, missing analysts’ consensus estimates of C$3.13 by C($0.53). The company had revenue of C$3.48 billion for the quarter, compared to analysts’ expectations of C$3.55 billion. Canadian Tire had a return on equity of 23.42% and a net margin of 7.45%.

Canadian Tire Company Profile

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. The company operates through three segments: Retail, CT REIT, and Financial Services. The Retail segment retails general merchandise, apparel, footwear, sporting equipment, and petroleum under the Canadian Tire, Canadian Tire Gas, Mark's, PartSource, and FGL banners.

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Earnings History and Estimates for Canadian Tire (TSE:CTC)

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