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

Alimentation Couche-Tard (OTCMKTS:ANCTF) issued its quarterly earnings results on Tuesday. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02, Zacks reports. The company had revenue of $20.90 billion for the quarter, compared to analyst estimates of $17.07 billion.

Alimentation Couche-Tard Stock Performance

Alimentation Couche-Tard stock opened at $46.72 on Wednesday. Alimentation Couche-Tard has a 1 year low of $45.88 and a 1 year high of $61.86. The company’s 50-day moving average is $51.09 and its two-hundred day moving average is $53.87.

Analysts Set New Price Targets

Several research analysts recently issued reports on ANCTF shares. UBS Group upgraded shares of Alimentation Couche-Tard to a “strong-buy” rating in a research report on Friday, December 13th. Scotiabank reiterated an “outperform” rating on shares of Alimentation Couche-Tard in a research report on Tuesday, March 4th. Desjardins downgraded shares of Alimentation Couche-Tard from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Finally, National Bank Financial upgraded shares of Alimentation Couche-Tard from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 17th.

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.