Dollarama (TSE:DOL) Posts Quarterly Earnings Results

Dollarama (TSE:DOL) issued its earnings results on Thursday. The company reported C$1.11 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$1.85 billion for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%.

Dollarama Price Performance

Shares of Dollarama stock opened at C$179.57 on Thursday. The stock has a market cap of C$48.89 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a 50 day moving average price of C$174.27 and a 200-day moving average price of C$187.84. Dollarama has a one year low of C$166.00 and a one year high of C$209.96.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s payout ratio is 8.95%.

Analysts Set New Price Targets

Several analysts recently issued reports on DOL shares. UBS Group decreased their target price on Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. Canaccord Genuity Group reduced their price objective on Dollarama from C$207.00 to C$187.00 in a research note on Wednesday, March 25th. Scotiabank reduced their price objective on Dollarama from C$220.00 to C$200.00 in a research note on Wednesday, March 25th. TD Securities reduced their price objective on Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research note on Wednesday, March 25th. Finally, Wells Fargo & Company reduced their price objective on Dollarama from C$195.00 to C$185.00 in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and a consensus target price of C$203.69.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.