Domino’s Pizza, Inc. (NYSE:DPZ) Expected to Announce Quarterly Sales of $1.03 Billion

Wall Street analysts expect that Domino’s Pizza, Inc. (NYSE:DPZ) will announce $1.03 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Domino’s Pizza’s earnings. The highest sales estimate is $1.04 billion and the lowest is $991.33 million. Domino’s Pizza reported sales of $967.72 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The firm is scheduled to report its next quarterly earnings report before the market opens on Thursday, October 14th.

On average, analysts expect that Domino’s Pizza will report full-year sales of $4.43 billion for the current fiscal year, with estimates ranging from $4.28 billion to $4.51 billion. For the next financial year, analysts forecast that the business will post sales of $4.76 billion, with estimates ranging from $4.57 billion to $4.92 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Domino’s Pizza.

Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Thursday, July 22nd. The restaurant operator reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.26. Domino’s Pizza had a net margin of 11.18% and a negative return on equity of 13.60%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $971.99 million. During the same period in the previous year, the company posted $2.99 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year.

DPZ has been the topic of a number of recent research reports. Wedbush boosted their target price on shares of Domino’s Pizza from $520.00 to $585.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Robert W. Baird reaffirmed a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, June 29th. Oppenheimer upped their price target on shares of Domino’s Pizza from $450.00 to $585.00 and gave the company an “outperform” rating in a report on Friday, July 23rd. JPMorgan Chase & Co. cut shares of Domino’s Pizza from an “overweight” rating to a “neutral” rating and upped their price target for the company from $453.28 to $530.00 in a report on Friday, July 23rd. Finally, Barclays upped their price target on shares of Domino’s Pizza from $395.00 to $414.00 and gave the company an “equal weight” rating in a report on Tuesday, June 1st. Sixteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Domino’s Pizza presently has an average rating of “Hold” and a consensus target price of $495.39.

In other Domino’s Pizza news, COO Russell J. Weiner sold 54,130 shares of the company’s stock in a transaction dated Wednesday, August 4th. The shares were sold at an average price of $537.71, for a total value of $29,106,242.30. Following the completion of the sale, the chief operating officer now directly owns 64,583 shares of the company’s stock, valued at approximately $34,726,924.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Scott Morris sold 726 shares of the company’s stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $457.50, for a total transaction of $332,145.00. Following the completion of the sale, the executive vice president now directly owns 3,915 shares of the company’s stock, valued at $1,791,112.50. The disclosure for this sale can be found here. Insiders sold a total of 69,436 shares of company stock valued at $37,157,679 in the last quarter. 1.32% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. People s United Financial Inc. increased its holdings in shares of Domino’s Pizza by 0.6% in the 2nd quarter. People s United Financial Inc. now owns 3,384 shares of the restaurant operator’s stock valued at $1,579,000 after purchasing an additional 20 shares during the period. Meiji Yasuda Life Insurance Co increased its holdings in shares of Domino’s Pizza by 2.9% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 704 shares of the restaurant operator’s stock valued at $328,000 after purchasing an additional 20 shares during the period. CX Institutional increased its holdings in shares of Domino’s Pizza by 48.9% in the 2nd quarter. CX Institutional now owns 67 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 22 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Domino’s Pizza by 1.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 3,185 shares of the restaurant operator’s stock valued at $1,485,000 after purchasing an additional 30 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in Domino’s Pizza by 1.0% in the second quarter. CIBC Asset Management Inc now owns 3,388 shares of the restaurant operator’s stock worth $1,580,000 after buying an additional 32 shares during the last quarter. 94.37% of the stock is owned by institutional investors.

Shares of NYSE DPZ traded down $3.19 during trading on Tuesday, reaching $506.96. 251,275 shares of the stock were exchanged, compared to its average volume of 579,592. The business’s 50-day moving average price is $511.51 and its 200 day moving average price is $445.12. Domino’s Pizza has a twelve month low of $319.71 and a twelve month high of $548.72. The company has a market capitalization of $18.68 billion, a price-to-earnings ratio of 40.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.47.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be given a $0.94 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $3.76 dividend on an annualized basis and a yield of 0.74%. Domino’s Pizza’s dividend payout ratio is presently 31.31%.

Domino’s Pizza Company Profile

Domino’s Pizza, Inc engages in the management of a network of company-owned and franchise-owned pizza stores. It operates through the following segments: U.S. Stores, International Franchise, and Supply Chain. The U.S. Stores segment consists of primarily of franchise operations. The International Franchise segment comprises a network of franchised stores.

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Earnings History and Estimates for Domino`s Pizza (NYSE:DPZ)

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