Carrefour (CRRFY) Expected to Release Quarterly Earnings on Thursday

Carrefour (OTCMKTS:CRRFY) is expected to be issuing its resultson Thursday, July 23rd. Analysts expect the company to post earnings of $0.1076 per share and revenue of $45.9341 billion for the quarter.

Carrefour Trading Down 0.3%

Shares of CRRFY stock opened at $3.72 on Thursday. Carrefour has a 12-month low of $2.82 and a 12-month high of $4.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.63 and a current ratio of 0.87. The firm’s 50 day moving average is $3.78 and its 200 day moving average is $3.67.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRRFY. UBS Group upgraded shares of Carrefour from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada began coverage on Carrefour in a research note on Monday, July 6th. They issued a “moderate buy” rating on the stock. Finally, Oddo Bhf raised Carrefour to a “neutral” rating in a report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Carrefour Company Profile

Carrefour is a French multinational retail corporation established in 1959 and headquartered in Boulogne-Billancourt, France. As one of the world’s largest retail chains, the company pioneered the hypermarket concept in Europe, combining a supermarket and department store under one roof. Over the decades, Carrefour has expanded its footprint to encompass a variety of store formats, including hypermarkets, supermarkets, cash & carry outlets, convenience stores and e-commerce platforms, catering to a wide range of consumer needs.

Carrefour’s core business activities revolve around food retailing, non-food products and services.