Dollarama Inc Expected to Earn Q3 2018 Earnings of $1.06 Per Share (DOL)
Dollarama Inc (TSE:DOL) – National Bank Financial reduced their Q3 2018 earnings estimates for shares of Dollarama in a note issued to investors on Wednesday. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $1.06 per share for the quarter, down from their prior forecast of $1.07. National Bank Financial currently has a “Outperform” rating and a $140.00 target price on the stock. National Bank Financial also issued estimates for Dollarama’s Q4 2018 earnings at $1.41 EPS.
Dollarama (TSE:DOL) last issued its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The business had revenue of $704.95 million for the quarter, compared to analyst estimates of $712.60 million.
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Several other brokerages have also recently issued reports on DOL. Barclays PLC boosted their price target on shares of Dollarama from C$115.00 to C$121.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 7th. Raymond James Financial, Inc. reiterated an “outperform” rating and set a C$115.00 price target on shares of Dollarama in a research report on Friday, March 24th. Royal Bank Of Canada boosted their price target on shares of Dollarama from C$133.00 to C$138.00 in a research report on Thursday, May 25th. Desjardins cut shares of Dollarama from a “buy” rating to a “hold” rating and boosted their price target for the company from C$120.00 to C$134.00 in a research report on Thursday. Finally, Eight Capital boosted their price target on shares of Dollarama from C$120.00 to C$130.00 and gave the company a “buy” rating in a research report on Friday, March 31st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Dollarama presently has a consensus rating of “Buy” and a consensus price target of C$134.00.
Shares of Dollarama (TSE:DOL) opened at 125.06 on Monday. Dollarama has a one year low of $87.40 and a one year high of $132.34. The firm’s 50-day moving average price is $122.64 and its 200-day moving average price is $107.53. The firm has a market capitalization of $14.21 billion and a P/E ratio of 32.38.
In other news, Director Nicolas Hien sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of C$110.41, for a total value of C$441,640.00. Also, insider Geoffrey Peter Robillard sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of C$114.31, for a total transaction of C$2,286,200.00. Insiders have sold 57,000 shares of company stock worth $6,539,950 in the last three months.
Dollarama Company Profile
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.
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