Brokers Set Expectations for Dollarama Inc.’s FY2023 Earnings (TSE:DOL)
Dollarama Inc. (TSE:DOL – Get Rating) – Investment analysts at National Bank Financial boosted their FY2023 earnings estimates for shares of Dollarama in a research report issued to clients and investors on Wednesday, June 8th. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $2.62 per share for the year, up from their previous forecast of $2.60. The consensus estimate for Dollarama’s current full-year earnings is $3.11 per share. National Bank Financial also issued estimates for Dollarama’s Q4 2023 earnings at $0.83 EPS and Q4 2024 earnings at $0.92 EPS.
Other equities research analysts also recently issued research reports about the stock. TD Securities boosted their target price on shares of Dollarama from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Thursday. Desjardins upgraded shares of Dollarama from a “hold” rating to a “buy” rating in a research note on Monday, March 7th. Wells Fargo & Company boosted their target price on shares of Dollarama from C$73.00 to C$78.00 and gave the company an “equal weight” rating in a research note on Thursday, March 31st. Royal Bank of Canada upped their price target on shares of Dollarama from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus upped their price target on shares of Dollarama from C$80.50 to C$82.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Dollarama has an average rating of “Buy” and an average target price of C$75.00.
Shares of TSE:DOL opened at C$71.43 on Monday. Dollarama has a 52 week low of C$53.39 and a 52 week high of C$76.80. The company has a debt-to-equity ratio of 18,873.64, a quick ratio of 0.11 and a current ratio of 0.80. The company’s fifty day moving average is C$71.77 and its 200-day moving average is C$66.79. The company has a market capitalization of C$20.92 billion and a PE ratio of 30.96.
Dollarama (TSE:DOL – Get Rating) last issued its earnings results on Wednesday, March 30th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.71 by C$0.03. The firm had revenue of C$1.22 billion during the quarter, compared to analyst estimates of C$1.23 billion.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Shareholders of record on Friday, July 8th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, July 7th. This represents a $0.22 dividend on an annualized basis and a yield of 0.31%. Dollarama’s payout ratio is presently 8.72%.
About Dollarama (Get Rating)
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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