Domino’s Pizza Inc (DPZ) Set to Announce Quarterly Earnings on Thursday
Domino’s Pizza Inc (NYSE:DPZ) will issue its quarterly earnings data before the market opens on Thursday, October 12th. Analysts expect the company to announce earnings of $1.19 per share for the quarter.
Domino’s Pizza (NYSE:DPZ) last announced its quarterly earnings data on Tuesday, July 25th. The restaurant operator reported $1.32 EPS for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.09. The firm had revenue of $628.61 million during the quarter, compared to the consensus estimate of $609.87 million. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. On average, analysts expect Domino’s Pizza to post $5.69 EPS for the current fiscal year and $6.80 EPS for the next fiscal year.
Shares of Domino’s Pizza Inc (NYSE:DPZ) opened at 201.64 on Thursday. The company has a 50-day moving average of $189.99 and a 200-day moving average of $195.32. The firm has a market cap of $9.73 billion, a P/E ratio of 40.07 and a beta of 0.36. Domino’s Pizza Inc has a 12 month low of $149.67 and a 12 month high of $221.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, September 14th. Domino’s Pizza’s dividend payout ratio is currently 36.65%.
Domino’s Pizza announced that its board has initiated a stock buyback program on Wednesday, August 2nd that permits the company to buyback $1.25 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
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Several research firms recently issued reports on DPZ. BidaskClub downgraded shares of Domino’s Pizza from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Credit Suisse Group initiated coverage on shares of Domino’s Pizza in a report on Wednesday. They issued a “neutral” rating and a $200.00 price target for the company. Instinet reissued a “neutral” rating and issued a $201.00 price target (up from $198.00) on shares of Domino’s Pizza in a report on Wednesday. Wells Fargo & Company reissued a “market perform” rating and issued a $210.00 price target (up from $204.00) on shares of Domino’s Pizza in a report on Monday. Finally, Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $210.00 to $185.00 in a report on Wednesday, July 26th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $199.46.
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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