Canadian Tire (TSE:CTC) Hits New 52-Week Low at $228.85

Shares of Canadian Tire Co., Limited (TSE:CTC) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$228.85 and last traded at C$229.00, with a volume of 1857 shares trading hands. The stock had previously closed at C$241.93.

Canadian Tire Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.77 and a debt-to-equity ratio of 180.91. The company has a market capitalization of C$783.18 million, a P/E ratio of 64.00, a PEG ratio of 3.55 and a beta of 1.37. The business has a 50 day simple moving average of C$245.76 and a 200-day simple moving average of C$262.60.

Canadian Tire (TSE:CTC) last posted its earnings results on Thursday, February 15th. The company reported C$3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$4.81 by C($1.43). The company had revenue of C$4.44 billion during the quarter, compared to the consensus estimate of C$4.84 billion. Canadian Tire had a net margin of 1.28% and a return on equity of 5.03%. Analysts predict that Canadian Tire Co., Limited will post 11.192176 EPS for the current fiscal year.

Canadian Tire Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Tuesday, April 30th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Monday, April 29th. Canadian Tire’s payout ratio is 185.19%.

About Canadian Tire

Canadian Tire Corporation, Limited provides a range of retail goods and services in Canada. It operates in three segments: Retail, CT REIT, and Financial Services. The Retail segment retails automotive maintenance products and accessories, parts, and tires, as well as automotive services and roadside assistance; electrical, hardware, home environment, paint, plumbing, and tool products; cleaning, food & drink, home décor, home essentials, home organization, kitchen, and pet care products; camping, exercise, hockey, hunting, fishing, seasonal recreation, and team sports and golf products; and backyard living, backyard fun, cycling, gardening, outdoor tools, seasonal, and toy products.