Q3 2018 EPS Estimates for Dollarama Inc (DOL) Raised by Analyst
Dollarama Inc (TSE:DOL) – Equities research analysts at National Bank Financial upped their Q3 2018 earnings per share estimates for Dollarama in a report released on Thursday. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings of $1.08 per share for the quarter, up from their prior estimate of $1.06. National Bank Financial also issued estimates for Dollarama’s Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $4.47 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $5.05 EPS.
A number of other analysts have also issued reports on the stock. TD Securities boosted their target price on shares of Dollarama from C$135.00 to C$150.00 and gave the company a “hold” rating in a research note on Friday. Scotiabank boosted their target price on shares of Dollarama from C$143.00 to C$162.00 and gave the company an “outperform” rating in a research note on Friday. Barclays PLC boosted their target price on shares of Dollarama from C$123.00 to C$130.00 in a research note on Friday. BMO Capital Markets boosted their target price on shares of Dollarama from C$141.00 to C$150.00 in a research note on Friday. Finally, Desjardins raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the company from C$134.00 to C$154.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$143.67.
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Dollarama (TSE DOL) opened at 139.50 on Monday. The company has a market capitalization of $15.85 billion and a price-to-earnings ratio of 36.12. The firm has a 50-day moving average of $123.14 and a 200 day moving average of $117.86. Dollarama has a one year low of $93.27 and a one year high of $139.93.
In related news, Director Nicolas Hien sold 1,750 shares of the company’s stock in a transaction dated 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. Investors of record on Friday, October 6th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Thursday, October 5th.
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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