Dollarama (OTCMKTS:DLMAF) Shares Up 8.8% on Better-Than-Expected Earnings

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price shot up 8.8% during trading on Friday following a stronger than expected earnings report. The stock traded as high as $140.37 and last traded at $140.37. 590 shares traded hands during trading, a decline of 90% from the average session volume of 5,793 shares. The stock had previously closed at $129.01.

The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dollarama had a return on equity of 94.43% and a net margin of 17.65%.

Analysts Set New Price Targets

Several research firms have weighed in on DLMAF. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday. TD Securities raised Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. National Bank Financial raised Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. UBS Group raised Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Finally, Zacks Research raised Dollarama to a “hold” rating in a research report on Monday, March 16th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Dollarama currently has a consensus rating of “Buy”.

Dollarama Stock Performance

The company has a market capitalization of $37.02 billion and a PE ratio of 73.06. The business’s fifty day moving average is $127.10 and its two-hundred day moving average is $136.62. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.