Dollarama (OTCMKTS:DLMAF) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Dollarama (OTCMKTS:DLMAF) announced its quarterly earnings data on Wednesday. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.01, Zacks reports. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Dollarama had a net margin of 17.65% and a return on equity of 94.77%.

Dollarama Stock Performance

DLMAF stock opened at $124.54 on Thursday. The stock’s 50 day simple moving average is $131.46 and its 200 day simple moving average is $131.10. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 3.96. The stock has a market capitalization of $33.49 billion and a PE ratio of 47.17. Dollarama has a 12-month low of $112.41 and a 12-month high of $160.86.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Ventum Financial upgraded Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Scotiabank reiterated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Five equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Dollarama Company Profile

Dollarama Inc is a Canadian value retailer that operates a chain of stores offering a broad assortment of everyday consumer products at fixed, low price points. Its merchandise includes general merchandise, household supplies, seasonal items, toys, stationery, party goods, hardware, kitchen products, and select food and convenience products.

Founded in 1992, Dollarama has expanded into one of Canada’s largest discount-store networks, serving communities across the country through stores in all provinces and territories.