Domino’s Pizza Inc (DPZ) Issues Quarterly Earnings Results, Beats Expectations By $0.05 EPS
Domino’s Pizza Inc (NYSE:DPZ) issued its quarterly earnings results on Thursday. The restaurant operator reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05, Bloomberg Earnings reports. Domino’s Pizza had a net margin of 9.40% and a negative return on equity of 13.28%. The company had revenue of $643.60 million during the quarter, compared to analysts’ expectations of $627.85 million. During the same quarter last year, the company posted $0.96 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year.
Shares of Domino’s Pizza (NYSE:DPZ) opened at 201.03 on Friday. The stock has a market capitalization of $9.70 billion, a PE ratio of 39.95 and a beta of 0.36. The stock’s 50 day moving average is $193.02 and its 200 day moving average is $196.19. Domino’s Pizza has a 52-week low of $150.77 and a 52-week high of $221.58.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.84 annualized dividend and a dividend yield of 0.92%. Domino’s Pizza’s dividend payout ratio (DPR) is currently 36.65%.
Several equities analysts have commented on DPZ shares. Zacks Investment Research raised shares of Domino’s Pizza from a “hold” rating to a “buy” rating and set a $200.00 price target for the company in a research report on Monday, August 28th. BidaskClub raised shares of Domino’s Pizza from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Instinet reissued a “neutral” rating and issued a $198.00 price target (up previously from $196.00) on shares of Domino’s Pizza in a research report on Saturday, July 22nd. Longbow Research raised shares of Domino’s Pizza from a “neutral” rating to a “buy” rating and set a $229.00 price target for the company in a research report on Friday, July 28th. Finally, Stephens raised shares of Domino’s Pizza from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $210.00 to $185.00 in a research report on Wednesday, July 26th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $199.46.
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 generally an indication that the company’s management believes its shares are 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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