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 announced its quarterly earnings results 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. The business had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%.

Dollarama Trading Up 0.6 %

Shares of TSE DOL opened at C$143.80 on Wednesday. The stock has a market cap of C$40.52 billion, a price-to-earnings ratio of 37.30, a PEG ratio of 1.93 and a beta of 0.56. The business has a 50 day simple moving average of C$142.61 and a 200 day simple moving average of C$133.01. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$152.97. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors 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 annualized dividend and a dividend yield of 0.26%. Dollarama’s payout ratio is 9.59%.

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the company’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 company’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 value of C$76,039.10. Insiders sold a total of 7,697 shares of company stock worth $1,049,979 over the last three months. 2.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DOL has been the subject of several recent research reports. CIBC boosted their price target on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. BMO Capital Markets boosted their target price on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Royal Bank of Canada boosted their target price on Dollarama from C$147.00 to C$160.00 in a report on Monday. Finally, Desjardins boosted their target price on Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Dollarama has an average rating of “Moderate Buy” and an average target price of C$141.91.

About Dollarama

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.