Dollarama (DOL) Set to Announce Earnings on Wednesday

Dollarama (TSE:DOL - Get Free Report) will be announcing its earnings results before the market opens on Wednesday, December 4th. Analysts expect the company to announce earnings of C$0.98 per share for the quarter.

Dollarama (TSE:DOL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion during the quarter, compared to analysts' expectations of C$1.57 billion.

Dollarama Stock Performance

Shares of TSE:DOL traded down C$0.01 during trading on Wednesday, hitting C$143.79. 500,037 shares of the stock were exchanged, compared to its average volume of 573,447. The company has a market capitalization of C$40.52 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$152.97. The company's fifty day simple moving average is C$142.81 and its 200-day simple moving average is C$133.18.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. Dollarama's dividend payout ratio is currently 9.59%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Desjardins increased their price objective on shares of Dollarama from C$143.00 to C$147.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Wells Fargo & Company cut shares of Dollarama from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Stifel Nicolaus upped their price objective on Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. BMO Capital Markets raised their target price on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. Finally, TD Securities upgraded shares of Dollarama from a "hold" rating to a "buy" rating and increased their target price for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$141.91.

Insider Activity

In related news, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. In the last quarter, insiders have sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is currently owned by insiders.

About Dollarama

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.