Dollarama (DOL) Scheduled to Post Quarterly Earnings on Wednesday

Dollarama (TSE:DOL) will be announcing its earnings results before the market opens on Wednesday, September 13th. Analysts expect the company to announce earnings of C$0.76 per share for the quarter.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, June 7th. The company reported C$0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.58 by C$0.05. Dollarama had a net margin of 15.85% and a return on equity of 831.63%. The business had revenue of C$1.29 billion during the quarter, compared to the consensus estimate of C$1.24 billion.

Dollarama Stock Performance

TSE DOL opened at C$88.81 on Wednesday. Dollarama has a 52-week low of C$74.36 and a 52-week high of C$90.00. The company has a 50-day simple moving average of C$87.13 and a 200 day simple moving average of C$83.74. The company has a debt-to-equity ratio of 1,949.93, a quick ratio of 0.08 and a current ratio of 1.13. The company has a market capitalization of C$25.17 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, August 4th were given a dividend of $0.071 per share. The ex-dividend date was Thursday, July 6th. This represents a $0.28 dividend on an annualized basis and a yield of 0.32%. Dollarama’s dividend payout ratio is presently 9.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Dollarama from C$98.00 to C$101.00 and gave the company an “outperform” rating in a research report on Thursday, June 8th. National Bankshares raised their price objective on shares of Dollarama from C$95.00 to C$97.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Stifel Nicolaus lifted their price objective on shares of Dollarama from C$94.00 to C$96.00 in a report on Thursday, June 8th. Scotiabank increased their target price on Dollarama from C$93.00 to C$95.00 in a research note on Tuesday, May 30th. Finally, Canaccord Genuity Group lifted their price target on Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$92.50.

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.