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Tim Hortons (NYSE:THI)’s share price hit a new 52-week high during mid-day trading on Friday , AnalystRatingsNetwork.com reports. The stock traded as high as $63.01 and last traded at $62.73, with a volume of 193,055 shares changing hands. The stock had previously closed at $61.15.

Separately, analysts at BMO Capital Markets upgraded shares of Tim Hortons from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $68.57.

The stock’s 50-day moving average is $57.58 and its 200-day moving average is $55.17. The company has a market cap of $8.333 billion and a price-to-earnings ratio of 22.24.

Tim Hortons (NYSE:THI) last issued its quarterly earnings data 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. On average, analysts predict that Tim Hortons will post $3.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a dividend of $0.2935 per share. This represents a $1.17 annualized dividend and a dividend yield of 1.92%. The ex-dividend date 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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