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Tim Hortons (NYSE:THI) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.

Tim Hortons (NYSE:THI) traded up 2.20% on Thursday, hitting $60.4201. 152,510 shares of the company’s stock traded hands. Tim Hortons has a 52-week low of $50.67 and a 52-week high of $61.46. The stock’s 50-day moving average is $55.25 and its 200-day moving average is $54.48. The company has a market cap of $8.112 billion and a price-to-earnings ratio of 22.02.

Tim Hortons (NYSE:THI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $874.30 million for the quarter, compared to the consensus estimate of $840.50 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Tim Hortons will post $3.25 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.2935 per share. This represents a $1.17 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, August 14th.

Tim Hortons Inc, is a quick service restaurant in North America. The Company’s menu includes premium coffee, espresso-based hot and cold specialty drinks, including lattes, cappuccinos and espresso shots, specialty teas, fruit smoothies, home-style soups, grilled Panini and classic sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including donuts.

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