Dollarama (OTCMKTS:DLMAF) Trading Up 5.3% Following Earnings Beat

Dollarama Inc. (OTCMKTS:DLMAF)’s share price traded up 5.3% during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $125.27 and last traded at $125.27. Approximately 2,243 shares changed hands during trading, a decline of 88% from the average session volume of 19,168 shares. The stock had previously closed at $118.9186.

The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Dollarama had a net margin of 17.65% and a return on equity of 94.77%.

Wall Street Analysts Forecast Growth

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

Dollarama Price Performance

The company has a debt-to-equity ratio of 3.96, a current ratio of 1.57 and a quick ratio of 0.70. The firm has a market capitalization of $33.68 billion and a price-to-earnings ratio of 47.45. The business’s fifty day simple moving average is $131.60 and its 200 day simple moving average is $131.26.

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.