Dollarama (DOL) Set to Announce Quarterly Earnings on Wednesday

Dollarama (TSE:DOL) will announce its earnings results before the market opens on Wednesday, December 4th. Analysts expect the company to announce earnings of C$0.98 per share for the quarter.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. The business had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%.

Dollarama Price Performance

Shares of DOL stock opened at C$147.19 on Tuesday. The firm has a fifty day moving average of C$143.39 and a two-hundred day moving average of C$133.72. The firm has a market cap of C$41.48 billion, a P/E ratio of 38.16, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$152.97. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insider Activity

In related news, Director Nicolas Hien sold 5,167 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Over the last 90 days, insiders have sold 7,697 shares of company stock valued at $1,049,979. Insiders own 2.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DOL. Royal Bank of Canada boosted their price target on Dollarama from C$147.00 to C$160.00 in a report on Monday, November 25th. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and increased their target price for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC increased their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Finally, National Bankshares lifted their target price on Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$143.27.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.