Brokers Issue Forecasts for Dollarama Inc’s Q1 2022 Earnings (TSE:DOL)

Dollarama Inc (TSE:DOL) – Research analysts at Raymond James issued their Q1 2022 earnings per share (EPS) estimates for Dollarama in a report issued on Thursday, June 6th, according to Zacks Investment Research. Raymond James analyst K. Tyghe forecasts that the company will post earnings of $0.42 per share for the quarter. Raymond James has a “Outperform” rating and a $48.00 price objective on the stock. Raymond James also issued estimates for Dollarama’s FY2022 earnings at $2.18 EPS.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.06 billion for the quarter, compared to the consensus estimate of C$1.04 billion.

Several other equities analysts have also recently issued reports on DOL. CIBC upped their target price on shares of Dollarama from C$37.00 to C$44.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Canaccord Genuity lowered their target price on shares of Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. Desjardins cut shares of Dollarama from a “buy” rating to a “hold” rating and upped their target price for the company from C$43.00 to C$49.00 in a research note on Friday, June 14th. TD Securities upped their target price on shares of Dollarama from C$45.00 to C$48.00 and gave the company a “hold” rating in a research note on Friday, June 14th. Finally, BMO Capital Markets upped their target price on shares of Dollarama from C$45.00 to C$50.00 and gave the company a “market perform” rating in a research note on Friday, June 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dollarama has an average rating of “Buy” and an average target price of C$48.14.

Dollarama stock traded up C$0.30 during mid-day trading on Friday, reaching C$46.07. The stock had a trading volume of 839,600 shares, compared to its average volume of 847,315. The firm has a market cap of $14.09 billion and a P/E ratio of 27.20. The company’s 50-day moving average price is C$43.48. Dollarama has a one year low of C$30.70 and a one year high of C$52.49.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 12th will be paid a $0.044 dividend. This represents a $0.18 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Thursday, July 11th. Dollarama’s dividend payout ratio (DPR) 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.

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Earnings History and Estimates for Dollarama (TSE:DOL)

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