Domino’s Pizza Inc (DPZ) Expected to Announce Earnings of $1.23 Per Share
Analysts expect Domino’s Pizza Inc (NYSE:DPZ) to announce earnings per share of $1.23 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Domino’s Pizza’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.17. Domino’s Pizza posted earnings of $0.96 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 28.1%. The company is expected to issue its next quarterly earnings results on Tuesday, October 17th.
On average, analysts expect that Domino’s Pizza will report full year earnings of $5.75 per share for the current financial year, with EPS estimates ranging from $5.70 to $5.85. For the next fiscal year, analysts anticipate that the business will post earnings of $6.80 per share, with EPS estimates ranging from $6.66 to $6.90. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Domino’s Pizza.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Tuesday, July 25th. The restaurant operator reported $1.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to analysts’ expectations of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. Domino’s Pizza’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS.
Several analysts have weighed in on DPZ shares. BidaskClub lowered shares of Domino’s Pizza from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research upgraded shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research note on Monday, June 19th. Bank of America Corporation boosted their target price on shares of Domino’s Pizza from $210.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. BTIG Research reiterated a “buy” rating and set a $233.00 target price (up previously from $213.00) on shares of Domino’s Pizza in a research note on Thursday, June 1st. Finally, Longbow Research upgraded shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 target price for the company in a research note on Friday, July 28th. Thirteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Domino’s Pizza currently has a consensus rating of “Hold” and a consensus target price of $193.90.
Hedge funds have recently bought and sold shares of the stock. State of Wisconsin Investment Board raised its position in Domino’s Pizza by 17.4% in the first quarter. State of Wisconsin Investment Board now owns 32,021 shares of the restaurant operator’s stock worth $5,901,000 after acquiring an additional 4,738 shares in the last quarter. Turner Investments LLC bought a new stake in Domino’s Pizza in the first quarter worth about $1,491,000. V Wealth Management LLC bought a new stake in Domino’s Pizza in the second quarter worth about $293,000. Sapphire Star Partners LP raised its position in Domino’s Pizza by 25.7% in the second quarter. Sapphire Star Partners LP now owns 1,759 shares of the restaurant operator’s stock worth $372,000 after acquiring an additional 360 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its position in Domino’s Pizza by 572.2% in the second quarter. Chicago Equity Partners LLC now owns 122,105 shares of the restaurant operator’s stock worth $25,829,000 after acquiring an additional 103,940 shares in the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.
Shares of Domino’s Pizza (DPZ) traded up 1.70% during mid-day trading on Friday, reaching $186.43. 943,865 shares of the company were exchanged. The company’s 50-day moving average is $188.87 and its 200 day moving average is $194.14. Domino’s Pizza has a 12 month low of $145.00 and a 12 month high of $221.58. The firm has a market capitalization of $9.00 billion, a price-to-earnings ratio of 37.05 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.99%. The ex-dividend date is Thursday, September 14th. Domino’s Pizza’s payout ratio is currently 36.65%.
Domino’s Pizza announced that its board has authorized a stock repurchase program on Wednesday, August 2nd that authorizes the company to repurchase $1.25 billion in shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Domino’s Pizza Company Profile
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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