Research Analysts Offer Predictions for Alimentation Couche-Tard Inc.’s FY2023 Earnings (TSE:ATD)

Alimentation Couche-Tard Inc. (TSE:ATD – Get Rating) – Stock analysts at National Bank Financial decreased their FY2023 earnings per share (EPS) estimates for shares of Alimentation Couche-Tard in a note issued to investors on Wednesday, June 14th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $3.90 for the year, down from their prior estimate of $3.96. The consensus estimate for Alimentation Couche-Tard’s current full-year earnings is $3.77 per share. National Bank Financial also issued estimates for Alimentation Couche-Tard’s FY2024 earnings at $3.83 EPS.

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Several other equities analysts have also recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Alimentation Couche-Tard from C$85.00 to C$87.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Stifel Nicolaus lifted their price objective on shares of Alimentation Couche-Tard from C$68.00 to C$74.00 in a research note on Friday, March 17th. CIBC boosted their price target on shares of Alimentation Couche-Tard from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research report on Friday, March 17th. Scotiabank boosted their price target on shares of Alimentation Couche-Tard from C$71.00 to C$74.00 in a research note on Friday, March 17th. Finally, TD Securities upped their price objective on shares of Alimentation Couche-Tard from C$71.00 to C$74.00 and gave the company a “buy” rating in a research note on Friday, March 17th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alimentation Couche-Tard has an average rating of “Buy” and an average target price of C$71.58.

Alimentation Couche-Tard Stock Performance

Shares of ATD opened at C$64.73 on Friday. Alimentation Couche-Tard has a one year low of C$49.58 and a one year high of C$68.40. The company has a market cap of C$63.52 billion, a PE ratio of 17.03, a P/E/G ratio of 1.35 and a beta of 0.91. The company has a debt-to-equity ratio of 77.54, a current ratio of 1.16 and a quick ratio of 0.88. The stock has a 50-day moving average of C$66.61 and a 200-day moving average of C$64.04.

Alimentation Couche-Tard (TSE:ATD – Get Rating) last issued its earnings results on Wednesday, March 15th. The company reported C$1.00 EPS for the quarter, missing the consensus estimate of C$1.04 by C($0.04). The firm had revenue of C$27.01 billion during the quarter, compared to analyst estimates of C$27.48 billion. Alimentation Couche-Tard had a net margin of 4.02% and a return on equity of 23.28%.

Alimentation Couche-Tard Company Profile

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Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia, as well as stores operated under the Circle K banner in Cambodia, Egypt, Guam, Guatemala, Honduras, Indonesia, Jamaica, Macau, Mexico, New Zealand, Saudi Arabia, the United Arab Emirates, and Vietnam.

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