Dollarama (DOL) Scheduled to Post Quarterly Earnings on Wednesday

Dollarama (TSE:DOL) is set to announce its earnings results before the market opens on Wednesday, September 11th. Analysts expect the company to announce earnings of C$0.97 per share for the quarter.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, beating the consensus estimate of C$0.75 by C$0.02. The business had revenue of C$1.41 billion during the quarter, compared to analyst estimates of C$1.41 billion. Dollarama had a return on equity of 324.09% and a net margin of 17.50%.

Dollarama Price Performance

TSE:DOL opened at C$128.24 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. The business’s 50-day moving average price is C$130.75 and its 200 day moving average price is C$120.51. Dollarama has a 52-week low of C$87.55 and a 52-week high of C$137.72. The firm has a market cap of C$36.39 billion, a P/E ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.55.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, August 2nd were paid a $0.092 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.37 annualized dividend and a dividend yield of 0.29%. Dollarama’s dividend payout ratio is currently 10.00%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the transaction, the insider now owns 530 shares of the company’s stock, valued at approximately C$68,991.16. In other news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the sale, the insider now directly owns 530 shares in the company, valued at approximately C$68,991.16. Also, Director Paul Roche sold 1,152 shares of Dollarama stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$122.07, for a total value of C$140,627.52. Insiders have sold a total of 66,465 shares of company stock valued at $8,220,415 in the last 90 days. 2.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOL. Royal Bank of Canada boosted their target price on Dollarama from C$138.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. CIBC lifted their price target on Dollarama from C$115.00 to C$128.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. BMO Capital Markets lifted their price target on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. Canaccord Genuity Group lifted their price target on Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. Finally, National Bankshares lifted their price target on Dollarama from C$132.00 to C$141.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$130.90.

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.