Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) – Equities research analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Alimentation Couche-Tard in a research report issued to clients and investors on Monday, January 23rd. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings of $3.86 per share for the year, up from their prior forecast of $3.63. The consensus estimate for Alimentation Couche-Tard's current full-year earnings is $3.92 per share.
Get Alimentation Couche-Tard alerts:ATD has been the subject of a number of other reports. Scotiabank boosted their price objective on shares of Alimentation Couche-Tard from C$66.00 to C$68.50 in a report on Wednesday, November 16th. Canaccord Genuity Group lifted their price objective on Alimentation Couche-Tard from C$65.00 to C$68.00 in a report on Thursday, November 24th. CSFB set a C$65.00 price objective on Alimentation Couche-Tard and gave the company a "neutral" rating in a research report on Wednesday, December 21st. Stifel Nicolaus dropped their target price on Alimentation Couche-Tard from C$70.00 to C$68.00 in a research report on Thursday, November 24th. Finally, Royal Bank of Canada set a C$80.00 price target on Alimentation Couche-Tard and gave the company an "outperform" rating in a research note on Thursday, November 24th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Alimentation Couche-Tard currently has a consensus rating of "Buy" and an average target price of C$68.12.
Alimentation Couche-Tard Price Performance
Shares of TSE ATD opened at C$60.92 on Thursday. Alimentation Couche-Tard has a twelve month low of C$45.23 and a twelve month high of C$63.55. The firm has a market cap of C$60.75 billion and a P/E ratio of 16.78. The company has a 50 day moving average of C$61.42 and a 200 day moving average of C$59.05. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 72.23.Alimentation Couche-Tard (TSE:ATD – Get Rating) last announced its quarterly earnings data on Tuesday, November 22nd. The company reported C$1.07 earnings per share for the quarter, topping analysts' consensus estimates of C$1.04 by C$0.03. The firm had revenue of C$22.02 billion during the quarter, compared to analysts' expectations of C$22.70 billion.
Alimentation Couche-Tard Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were given a dividend of $0.14 per share. This is a boost from Alimentation Couche-Tard's previous quarterly dividend of $0.11. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Wednesday, November 30th. Alimentation Couche-Tard's payout ratio is presently 9.47%.
About Alimentation Couche-Tard
(Get Rating)
Alimentation Couche-Tard Inc operates and licenses convenience stores. Its convenience stores sell tobacco products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels; and aviation fuels, as well as energy for stationary engines. The company operates its convenience stores chain under the Circle K, Couche-Tard, Holiday, Ingo, and Mac's brands.
Featured Articles
- Shopify Clears Cup-With-Handle Base: Can Momentum Continue?
- The Future Of E-Commerce: Analysis And New Data
- Chevron Delights Shareholders with $75 Billion in Share Buybacks
- Levi Strauss Is A Good Fit For Income Investors
- 3 Small Caps That Have Big Upside
Receive News & Ratings for Alimentation Couche-Tard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alimentation Couche-Tard and related companies with MarketBeat.com's FREE daily email newsletter.