Dollarama Inc. (OTCMKTS:DLMAF) Receives Average Recommendation of “Buy” from Brokerages

Dollarama Inc. (OTCMKTS:DLMAF) has received a consensus recommendation of “Buy” from the fourteen research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and five have given a strong buy recommendation to the company.

Several equities analysts have recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Ventum Financial raised shares of Dollarama to a “strong-buy” rating in a research report on Thursday, August 20th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday, June 12th.

Dollarama Stock Down 1.5%

Shares of OTCMKTS:DLMAF opened at $125.94 on Wednesday. The stock has a fifty day simple moving average of $132.81 and a two-hundred day simple moving average of $131.99. The stock has a market capitalization of $33.94 billion and a price-to-earnings ratio of 47.70. Dollarama has a 12-month low of $112.41 and a 12-month high of $160.86. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 3.96.

Dollarama (OTCMKTS:DLMAF) last released its earnings results on Thursday, June 11th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Dollarama had a return on equity of 94.77% and a net margin of 17.65%.The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. On average, research analysts anticipate that Dollarama will post 3.68 earnings per share for the current fiscal year.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.