Dollarama Inc. (TSE:DOL) Forecasted to Earn Q1 2022 Earnings of $0.38 Per Share

Dollarama Inc. (TSE:DOL) – Investment analysts at National Bank Financial lowered their Q1 2022 earnings estimates for shares of Dollarama in a research report issued on Sunday, June 6th. National Bank Financial analyst V. Shreedhar now anticipates that the company will post earnings per share of $0.38 for the quarter, down from their previous estimate of $0.40. National Bank Financial has a “Outperform” rating and a $65.00 price target on the stock. National Bank Financial also issued estimates for Dollarama’s Q2 2022 earnings at $0.56 EPS.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, March 31st. The company reported C$0.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.56. The firm had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion.

A number of other equities research analysts also recently weighed in on DOL. Canaccord Genuity lowered their price target on Dollarama from C$55.00 to C$53.00 and set a “na” rating for the company in a report on Thursday. Desjardins reaffirmed a “hold” rating and issued a C$61.00 target price on shares of Dollarama in a research report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a C$68.00 price objective on shares of Dollarama in a research note on Thursday. Barclays upped their price objective on shares of Dollarama from C$60.00 to C$62.00 and gave the stock a “strong-buy” rating in a report on Thursday, April 1st. Finally, National Bankshares upped their price target on Dollarama from C$63.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Dollarama presently has a consensus rating of “Buy” and an average target price of C$61.33.

Shares of TSE:DOL opened at C$54.37 on Wednesday. The business’s 50-day moving average price is C$55.19. The stock has a market cap of C$16.87 billion and a PE ratio of 30.04. Dollarama has a 1 year low of C$44.45 and a 1 year high of C$58.53. The company has a quick ratio of 0.35, a current ratio of 0.83 and a debt-to-equity ratio of 1,033.45.

In related news, Senior Officer Geoffrey Peter Robillard sold 13,100 shares of the firm’s stock in a transaction on Wednesday, April 14th. The stock was sold at an average price of C$57.23, for a total transaction of C$749,718.24. Following the completion of the transaction, the insider now directly owns 1,117,746 shares of the company’s stock, valued at approximately C$63,969,050.68. Also, Director Gregory David sold 12,000 shares of Dollarama stock in a transaction that occurred on Thursday, April 8th. The stock was sold at an average price of C$55.74, for a total value of C$668,872.80. Insiders sold 93,854 shares of company stock valued at $5,341,419 in the last three months.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 7th. Stockholders of record on Friday, May 7th were issued a dividend of $0.0503 per share. The ex-dividend date of this dividend was Thursday, April 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.37%. This is a boost from Dollarama’s previous quarterly dividend of $0.05. Dollarama’s payout ratio is 9.89%.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Earnings History and Estimates for Dollarama (TSE:DOL)

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