AutoCanada Expected to Earn Q1 2018 Earnings of $0.28 Per Share (ACQ)

AutoCanada (TSE:ACQ) – Research analysts at National Bank Financial issued their Q1 2018 earnings per share (EPS) estimates for AutoCanada in a report issued on Thursday, April 12th. National Bank Financial analyst M. Sytchev anticipates that the company will post earnings per share of $0.28 for the quarter. National Bank Financial currently has a “Outperform” rating and a $29.50 target price on the stock. National Bank Financial also issued estimates for AutoCanada’s Q2 2018 earnings at $0.75 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.47 EPS and FY2019 earnings at $2.46 EPS.

AutoCanada (TSE:ACQ) last issued its earnings results on Thursday, March 15th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$733.06 million for the quarter, compared to the consensus estimate of C$720.78 million. AutoCanada had a return on equity of 10.35% and a net margin of 1.79%.

ACQ has been the topic of several other research reports. Royal Bank of Canada raised AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$26.00 to C$27.00 in a research note on Monday, March 19th. Canaccord Genuity raised AutoCanada from a “hold” rating to a “buy” rating and lifted their target price for the company from C$25.00 to C$27.00 in a research note on Friday, March 23rd. Finally, CIBC decreased their target price on AutoCanada from C$29.00 to C$26.00 in a research note on Monday, March 19th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. AutoCanada currently has an average rating of “Buy” and an average target price of C$27.30.

Shares of ACQ opened at C$23.06 on Monday. AutoCanada has a 12-month low of C$17.46 and a 12-month high of C$26.11.

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About AutoCanada

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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