Equities analysts forecast that Domino’s Pizza Inc (NYSE:DPZ) will post $610.08 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Domino’s Pizza’s earnings, with estimates ranging from $596.90 million to $619.40 million. Domino’s Pizza posted sales of $547.34 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The business is scheduled to issue its next earnings results on Thursday, July 20th.

According to Zacks, analysts expect that Domino’s Pizza will report full-year sales of $610.08 million for the current year, with estimates ranging from $2.69 billion to $2.78 billion. For the next year, analysts forecast that the company will report sales of $3.01 billion per share, with estimates ranging from $2.89 billion to $3.09 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Domino’s Pizza.

Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Thursday, April 27th. The restaurant operator reported $1.26 EPS for the quarter, beating the consensus estimate of $1.16 by $0.10. Domino’s Pizza had a negative return on equity of 12.21% and a net margin of 9.06%. The firm had revenue of $624.20 million during the quarter, compared to analysts’ expectations of $615.66 million. During the same period in the prior year, the firm posted $0.89 earnings per share. The business’s quarterly revenue was up 15.8% compared to the same quarter last year.

DPZ has been the subject of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $195.00 price objective on shares of Domino’s Pizza in a report on Tuesday, February 28th. Guggenheim initiated coverage on Domino’s Pizza in a report on Friday, April 21st. They set a “buy” rating and a $192.00 price objective for the company. Bank of America Corporation boosted their price objective on Domino’s Pizza from $210.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, June 13th. BidaskClub lowered Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Zacks Investment Research raised Domino’s Pizza from a “hold” rating to a “buy” rating and set a $236.00 price objective for the company in a report on Monday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $185.59.

Domino’s Pizza (NYSE DPZ) opened at 215.03 on Wednesday. The firm has a market capitalization of $10.34 billion, a PE ratio of 45.98 and a beta of 0.35. Domino’s Pizza has a 12 month low of $120.97 and a 12 month high of $219.41. The company’s 50-day moving average price is $203.65 and its 200 day moving average price is $183.19.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.46 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.84 annualized dividend and a yield of 0.86%. Domino’s Pizza’s payout ratio is 39.32%.

A number of institutional investors have recently bought and sold shares of DPZ. BlackRock Inc. increased its position in Domino’s Pizza by 2,338.4% in the first quarter. BlackRock Inc. now owns 5,344,824 shares of the restaurant operator’s stock valued at $985,052,000 after buying an additional 5,125,632 shares during the last quarter. Vanguard Group Inc. increased its position in Domino’s Pizza by 3.2% in the first quarter. Vanguard Group Inc. now owns 3,837,342 shares of the restaurant operator’s stock valued at $707,222,000 after buying an additional 120,692 shares during the last quarter. Renaissance Technologies LLC increased its position in Domino’s Pizza by 32.1% in the first quarter. Renaissance Technologies LLC now owns 2,130,700 shares of the restaurant operator’s stock valued at $392,688,000 after buying an additional 517,200 shares during the last quarter. Ameriprise Financial Inc. increased its position in Domino’s Pizza by 499.8% in the first quarter. Ameriprise Financial Inc. now owns 1,750,503 shares of the restaurant operator’s stock valued at $322,614,000 after buying an additional 1,458,667 shares during the last quarter. Finally, State Street Corp increased its position in Domino’s Pizza by 1.1% in the first quarter. State Street Corp now owns 1,538,004 shares of the restaurant operator’s stock valued at $283,451,000 after buying an additional 16,726 shares during the last quarter. Institutional investors and hedge funds own 99.36% of the company’s stock.

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About Domino’s Pizza

Domino’s Pizza, Inc is a pizza restaurant chain company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world. The Company operates through three segments: domestic stores, international franchise and supply chain. Its basic menu features pizza products in various sizes and crust types.

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