Dollarama (DOL) Scheduled to Post Quarterly Earnings on Wednesday

Dollarama (TSE:DOL) will issue its quarterly earnings data 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 posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion.

Dollarama Trading Up 0.9 %

Shares of DOL stock opened at C$147.19 on Tuesday. The company has a market capitalization of C$41.48 billion, a P/E ratio of 38.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The business’s 50 day moving average is C$143.39 and its two-hundred day moving average is C$133.72. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio is presently 9.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DOL. Desjardins upped their price objective on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. National Bankshares boosted their target price on Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Stifel Nicolaus raised their price target on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Finally, CIBC upped their price objective on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$143.27.

Insider Activity

In related news, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders sold a total of 7,697 shares of company stock valued at $1,049,979 over the last quarter. Company insiders own 2.23% of the company’s stock.

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.