Dollarama Inc. (TSE:DOL – Get Rating) – Equities research analysts at National Bank Financial increased their FY2024 earnings estimates for Dollarama in a research report issued to clients and investors on Wednesday, June 7th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn $3.19 per share for the year, up from their previous forecast of $3.12. The consensus estimate for Dollarama’s current full-year earnings is $3.54 per share. National Bank Financial also issued estimates for Dollarama’s Q4 2024 earnings at $0.99 EPS, Q1 2025 earnings at $0.70 EPS, Q2 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $3.59 EPS.
Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$82.00 to C$85.00 in a research report on Thursday. Scotiabank boosted their price target on shares of Dollarama from C$93.00 to C$95.00 in a research report on Tuesday, May 30th. National Bankshares boosted their price target on shares of Dollarama from C$93.00 to C$95.00 and gave the stock an “outperform” rating in a research report on Thursday. Desjardins reiterated a “buy” rating on shares of Dollarama in a research report on Wednesday, March 29th. Finally, CIBC boosted their price objective on Dollarama from C$84.00 to C$89.00 in a report on Thursday, March 30th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$92.55.
Dollarama Price Performance
Dollarama (TSE:DOL – Get Rating) last issued its quarterly earnings results on Wednesday, June 7th. The company reported C$0.63 EPS for the quarter, topping the consensus estimate of C$0.58 by C$0.05. Dollarama had a net margin of 15.87% and a return on equity of 2,563.29%. The firm had revenue of C$1.29 billion for the quarter, compared to analysts’ expectations of C$1.24 billion.
Insiders Place Their Bets
In other news, Senior Officer Johanne Choinière sold 8,482 shares of the company’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of C$80.63, for a total value of C$683,862.10. Corporate insiders own 3.97% of the company’s stock.
Dollarama Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Friday, July 7th will be issued a dividend of $0.071 per share. The ex-dividend date is Thursday, July 6th. This represents a $0.28 annualized dividend and a yield of 0.34%. Dollarama’s payout ratio is presently 10.14%.
Dollarama Company Profile
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.
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