Alimentation Couche-Tard (OTCMKTS:ANCTF) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Alimentation Couche-Tard (OTCMKTS:ANCTF) posted its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.02, Zacks reports.

Alimentation Couche-Tard Stock Down 1.7 %

Shares of ANCTF traded down $0.81 during midday trading on Tuesday, reaching $46.72. 18,572 shares of the stock were exchanged, compared to its average volume of 59,566. Alimentation Couche-Tard has a 12-month low of $45.88 and a 12-month high of $61.86. The firm has a 50 day simple moving average of $51.22 and a 200-day simple moving average of $53.94.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ANCTF. Desjardins downgraded Alimentation Couche-Tard from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, February 11th. UBS Group raised Alimentation Couche-Tard to a “strong-buy” rating in a research note on Friday, December 13th. National Bank Financial raised Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 17th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Alimentation Couche-Tard in a research note on Tuesday, March 4th.

About Alimentation Couche-Tard

Alimentation Couche-Tard Inc operates and licenses convenience stores in North America, Europe, and Asia. It offers cigarette products and other nicotine products, grocery items, candies and snacks, beer, wine, beverages, and fresh food offerings; road transportation fuels and electric vehicle charging solutions; and aviation fuels, as well as energy for stationary engines.