Dollarama Inc (TSE:DOL) – Equities researchers at Raymond James dropped their Q3 2020 EPS estimates for Dollarama in a research note issued on Thursday, June 13th, according to Zacks Investment Research. Raymond James analyst K. Tyghe now forecasts that the company will earn $0.45 per share for the quarter, down from their previous estimate of $0.46. Raymond James currently has a “Outperform” rating and a $48.00 target price on the stock. Raymond James also issued estimates for Dollarama’s Q4 2020 earnings at $0.59 EPS, FY2020 earnings at $1.83 EPS, Q1 2021 earnings at $0.41 EPS, Q2 2021 earnings at $0.55 EPS, Q3 2021 earnings at $0.53 EPS, Q4 2021 earnings at $0.67 EPS and FY2021 earnings at $2.16 EPS.
A number of other analysts have also commented on DOL. Royal Bank of Canada cut their price target on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. National Bank Financial upped their target price on Dollarama from C$39.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Wednesday, March 20th. Canaccord Genuity dropped their target price on Dollarama from C$50.00 to C$45.00 in a report on Monday, March 25th. BMO Capital Markets dropped their target price on Dollarama from C$37.00 to C$35.00 in a report on Friday, March 29th. Finally, CIBC upped their target price on Dollarama from C$37.00 to C$44.00 and gave the stock a “neutral” rating in a report on Thursday, June 6th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Dollarama presently has a consensus rating of “Buy” and an average target price of C$48.14.
Shares of Dollarama stock opened at C$45.17 on Monday. The company has a market capitalization of $14.38 billion and a price-to-earnings ratio of 26.66. The firm has a 50-day moving average price of C$43.11. Dollarama has a one year low of C$30.70 and a one year high of C$54.00.
Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 EPS for the quarter, missing analysts’ consensus estimates of C$0.55 by C($0.01). The firm had revenue of C$1.06 billion during the quarter, compared to the consensus estimate of C$1.04 billion.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 12th will be issued a dividend of $0.044 per share. The ex-dividend date is Thursday, July 11th. This represents a $0.18 annualized dividend and a yield of 0.39%. Dollarama’s payout ratio is presently 9.68%.
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 March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.