Dollarama (DOL) Set to Announce Earnings on Wednesday

Dollarama (TSE:DOL) will release its earnings data before the market opens on Wednesday, December 4th. Analysts expect Dollarama to post 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The firm had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.57 billion.

Dollarama Stock Performance

Shares of TSE DOL opened at C$143.80 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The firm’s 50-day moving average price is C$142.61 and its two-hundred day moving average price is C$133.01. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$152.97. The stock has a market capitalization of C$40.52 billion, a P/E ratio of 37.30, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a $0.092 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. Dollarama’s dividend payout ratio is currently 9.59%.

Analysts Set New Price Targets

A number of brokerages have issued reports on DOL. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their target price for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC raised their target price on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. National Bankshares lifted their price target on Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets lifted their price target on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and an average price target of C$141.91.

Insider Activity at Dollarama

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

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.