Desjardins Comments on Dollarama Inc’s Q3 2018 Earnings (DOL)

Dollarama Inc (TSE:DOL) – Investment analysts at Desjardins increased their Q3 2018 earnings per share (EPS) estimates for Dollarama in a research note issued on Friday. Desjardins analyst K. Howlett now anticipates that the company will post earnings of $1.13 per share for the quarter, up from their prior forecast of $1.08. Desjardins currently has a “Buy” rating and a $154.00 target price on the stock. Desjardins also issued estimates for Dollarama’s Q4 2018 earnings at $1.38 EPS, FY2018 earnings at $4.48 EPS and FY2019 earnings at $5.19 EPS.

DOL has been the subject of several other research reports. Royal Bank Of Canada increased their target price on shares of Dollarama from C$133.00 to C$138.00 in a research note on Thursday, May 25th. TD Securities increased their target price on shares of Dollarama from C$135.00 to C$150.00 and gave the stock a “hold” rating in a research note on Friday, September 8th. Scotiabank increased their target price on shares of Dollarama from C$141.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. CIBC increased their target price on shares of Dollarama from C$125.00 to C$141.00 in a research note on Thursday, June 8th. Finally, Raymond James Financial, Inc. increased their target price on shares of Dollarama from C$140.00 to C$143.00 in a research note on Friday, September 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$143.67.

TRADEMARK VIOLATION WARNING: “Desjardins Comments on Dollarama Inc’s Q3 2018 Earnings (DOL)” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2017/09/13/desjardins-comments-on-dollarama-incs-q3-2018-earnings-dol.html.

Dollarama (TSE DOL) traded up 0.18% during midday trading on Monday, reaching $136.10. 91,596 shares of the company’s stock traded hands. The company has a market capitalization of $15.29 billion and a price-to-earnings ratio of 32.87. Dollarama has a 1-year low of $93.27 and a 1-year high of $140.19. The firm’s 50-day moving average is $123.54 and its 200-day moving average is $118.29.

In other news, Director Nicolas Hien sold 1,750 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of C$122.83, for a total value of C$214,952.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Friday, October 6th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Thursday, October 5th.

About Dollarama

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Earnings History and Estimates for Dollarama (TSE:DOL)

Receive News & Ratings for Dollarama Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply