Analysts Offer Predictions for AutoCanada Inc.’s Q1 2018 Earnings (ACQ)
AutoCanada Inc. (TSE:ACQ) – Clarus Securities reduced their Q1 2018 EPS estimates for AutoCanada in a note issued to investors on Monday. Clarus Securities analyst S. Kammermayer now anticipates that the company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.31. Clarus Securities also issued estimates for AutoCanada’s Q4 2018 earnings at $0.49 EPS.
Several other equities research analysts have also recently commented on ACQ. CIBC upgraded AutoCanada from a “neutral” rating to a “sector outperform” rating and boosted their target price for the company from C$22.00 to C$29.00 in a research note on Monday, November 13th. Canaccord Genuity boosted their target price on AutoCanada from C$21.00 to C$22.00 and gave the company a “hold” rating in a research note on Monday, November 13th. Finally, Royal Bank of Canada boosted their target price on AutoCanada from C$25.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Monday, November 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. AutoCanada presently has a consensus rating of “Hold” and an average price target of C$25.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, November 29th. AutoCanada’s dividend payout ratio is currently 20.20%.
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AutoCanada Inc (AutoCanada) is a Canada-based multi-location automobile dealership company. The Company offers a diversified range of automotive products and services, including new vehicles, used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, extended service contracts, vehicle protection products and other after-market products.
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