Dollarama (DOL) to Release Quarterly Earnings on Wednesday

Posted by Defense World Staff on Jun 5th, 2023

Dollarama (TSE:DOL – Get Rating) is set to release its earnings data before the market opens on Wednesday, June 7th. Analysts expect Dollarama to post earnings of C$0.57 per share for the quarter.

Dollarama (TSE:DOL – Get Rating) last released its quarterly earnings data on Wednesday, March 29th. The company reported C$0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.08. The company had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.36 billion. Dollarama had a net margin of 15.87% and a return on equity of 2,563.29%.

Dollarama Price Performance

DOL stock opened at C$83.48 on Monday. The stock has a market capitalization of C$23.75 billion, a PE ratio of 30.25, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73. The company’s 50-day moving average is C$82.93 and its 200-day moving average is C$80.99. The company has a debt-to-equity ratio of 14,849.75, a current ratio of 1.00 and a quick ratio of 0.08. Dollarama has a 1 year low of C$68.90 and a 1 year high of C$85.88.

Dollarama Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 5th. Investors of record on Friday, May 5th were given a $0.071 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $0.28 annualized dividend and a yield of 0.34%. Dollarama’s dividend payout ratio (DPR) is presently 10.14%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Scotiabank raised their price target on shares of Dollarama from C$93.00 to C$95.00 in a research report on Tuesday, May 30th. Royal Bank of Canada raised their price target on shares of Dollarama from C$95.00 to C$98.00 and gave the company an “outperform” rating in a research report on Thursday, May 25th. CIBC raised their price target on shares of Dollarama from C$84.00 to C$89.00 in a research report on Thursday, March 30th. Desjardins reissued a “buy” rating on shares of Dollarama in a research report on Wednesday, March 29th. Finally, National Bankshares lifted their target price on shares of Dollarama from C$92.00 to C$93.00 and gave the stock an “outperform” rating in a research report on Thursday, May 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$90.17.

Insider Buying and Selling at Dollarama

In other news, Senior Officer Johanne Choinière sold 8,482 shares of the firm’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of C$80.63, for a total value of C$683,862.10. 3.97% of the stock is owned by company insiders.

About Dollarama

(Get Rating)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of July 31, 2022, it operated 1,444 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.