Dollarama (DOL) Set to Announce Earnings on Wednesday

Dollarama (TSE:DOL) will be issuing 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 issued its earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating 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 analysts’ expectations of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%.

Dollarama Stock Performance

DOL opened at C$145.84 on Monday. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97. The firm has a market capitalization of C$41.09 billion, a PE ratio of 37.78, a PEG 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 firm’s 50-day moving average price is C$143.39 and its 200 day moving average price is C$133.63.

Dollarama Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Desjardins upped their target price on shares of Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. BMO Capital Markets lifted their target price on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. National Bankshares raised their price target on Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Finally, CIBC lifted their price objective on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and an average price target of C$143.27.

Insider Buying and Selling

In other news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders have sold a total of 7,697 shares of company stock valued at $1,049,979 over the last quarter. 2.23% of the stock is currently owned by insiders.

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.