Alimentation Couche-Tard Inc. (TSE:ATD) to Post Q1 2024 Earnings of $1.06 Per Share, Desjardins Forecasts

Posted by on Sep 7th, 2023

Alimentation Couche-Tard Inc. (TSE:ATD – Free Report) – Equities research analysts at Desjardins issued their Q1 2024 earnings per share (EPS) estimates for Alimentation Couche-Tard in a research note issued to investors on Monday, September 4th. Desjardins analyst C. Li expects that the company will post earnings of $1.06 per share for the quarter. The consensus estimate for Alimentation Couche-Tard’s current full-year earnings is $3.88 per share. Desjardins also issued estimates for Alimentation Couche-Tard’s FY2025 earnings at $4.35 EPS.

Alimentation Couche-Tard (TSE:ATD – Get Free Report) last announced its earnings results on Tuesday, June 27th. The company reported C$0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.60 by C$0.36. Alimentation Couche-Tard had a return on equity of 24.73% and a net margin of 4.30%. The company had revenue of C$22.06 billion for the quarter, compared to analysts’ expectations of C$20.97 billion.

Other analysts have also issued reports about the company. Royal Bank of Canada lifted their price target on Alimentation Couche-Tard from C$85.00 to C$87.00 and gave the stock an “outperform” rating in a report on Wednesday, June 7th. BMO Capital Markets set a C$75.00 price target on Alimentation Couche-Tard and gave the stock an “outperform” rating in a report on Wednesday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of Alimentation Couche-Tard from C$72.00 to C$73.00 and gave the stock an “overweight” rating in a report on Wednesday. Canaccord Genuity Group set a C$78.00 price objective on shares of Alimentation Couche-Tard and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Stifel Nicolaus raised their price objective on shares of Alimentation Couche-Tard from C$74.00 to C$76.00 in a report on Thursday, June 29th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$77.46.

Read Our Latest Report on ATD

Alimentation Couche-Tard Stock Down 0.5 %

ATD opened at C$71.56 on Wednesday. The company has a debt-to-equity ratio of 76.09, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50-day moving average is C$68.19 and its 200 day moving average is C$66.60. Alimentation Couche-Tard has a fifty-two week low of C$54.12 and a fifty-two week high of C$72.98. The firm has a market capitalization of C$69.89 billion, a P/E ratio of 17.20, a PEG ratio of 1.35 and a beta of 0.91.

Alimentation Couche-Tard Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, July 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.78%. Alimentation Couche-Tard’s payout ratio is 13.46%.

About Alimentation Couche-Tard

(Get Free Report)

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. Its convenience stores sell tobacco products and alternative tobacco 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.

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Earnings History and Estimates for Alimentation Couche-Tard (TSE:ATD)

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