Dollarama (TSE:DOL) Issues Quarterly Earnings Results

Dollarama (TSE:DOL) issued its quarterly earnings results on Wednesday. The company reported C$1.29 earnings per share (EPS) for the quarter, FiscalAI reports. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The firm had revenue of C$2.03 billion during the quarter.

Dollarama Price Performance

Shares of Dollarama stock opened at C$165.50 on Wednesday. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08. Dollarama has a one year low of C$163.25 and a one year high of C$209.96. The business’s 50 day simple moving average is C$184.04 and its two-hundred day simple moving average is C$182.07. The stock has a market capitalization of C$44.81 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama’s payout ratio is 9.00%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DOL. BMO Capital Markets raised their price objective on Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. UBS Group cut their target price on Dollarama from C$202.00 to C$190.00 in a research note on Monday. Ventum Financial set a C$225.00 price target on shares of Dollarama and gave the company a “buy” rating in a research report on Tuesday, September 8th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Finally, Bank of America set a C$220.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a report on Friday, June 12th. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$216.50.

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.