Brokers Issue Forecasts for Dollarama Inc.’s FY2024 Earnings (TSE:DOL)
Dollarama Inc. (TSE:DOL – Free Report) – Analysts at Desjardins lifted their FY2024 earnings per share estimates for Dollarama in a report issued on Monday, April 1st. Desjardins analyst C. Li now forecasts that the company will earn $3.45 per share for the year, up from their previous forecast of $3.41. The consensus estimate for Dollarama’s current full-year earnings is $4.38 per share. Desjardins also issued estimates for Dollarama’s FY2025 earnings at $3.95 EPS and FY2026 earnings at $4.35 EPS.
Several other equities analysts have also weighed in on the company. Canaccord Genuity Group increased their target price on Dollarama from C$98.00 to C$100.00 in a research note on Monday. Royal Bank of Canada increased their target price on Dollarama from C$114.00 to C$118.00 and gave the company an “outperform” rating in a research note on Wednesday, March 27th. Stifel Nicolaus lowered Dollarama from a “buy” rating to a “hold” rating and cut their target price for the company from C$104.00 to C$100.00 in a research note on Thursday, December 14th. Stifel Canada lowered Dollarama from a “buy” rating to a “hold” rating in a research note on Wednesday, December 13th. Finally, Wells Fargo & Company cut their target price on Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Dollarama presently has a consensus rating of “Hold” and an average price target of C$102.36.
Get Our Latest Stock Analysis on DOL
Dollarama Trading Up 10.0 %
Shares of DOL opened at C$110.37 on Wednesday. Dollarama has a 12-month low of C$80.81 and a 12-month high of C$110.93. The stock’s fifty day simple moving average is C$102.96 and its 200-day simple moving average is C$98.62. The company has a quick ratio of 0.08, a current ratio of 1.51 and a debt-to-equity ratio of 1,477.71. The firm has a market capitalization of C$31.04 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57.
Dollarama Company Profile
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.
Featured Articles
Receive News & Ratings for Dollarama Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Dollarama and related companies with MarketBeat.com’s FREE daily email newsletter.
