Q3 2018 EPS Estimates for Dollarama Inc. Lifted by National Bank Financial (DOL)
Dollarama Inc. (TSE:DOL) – Equities research analysts at National Bank Financial boosted their Q3 2018 earnings per share (EPS) estimates for Dollarama in a report issued on Wednesday. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $1.15 per share for the quarter, up from their prior forecast of $1.08. National Bank Financial also issued estimates for Dollarama’s FY2018 earnings at $4.54 EPS, Q3 2019 earnings at $1.30 EPS and FY2019 earnings at $5.09 EPS.
Other equities analysts have also recently issued research reports about the stock. Eight Capital increased their price objective on shares of Dollarama from C$150.00 to C$185.00 in a research note on Tuesday. Royal Bank Of Canada increased their price objective on shares of Dollarama from C$143.00 to C$161.00 in a research note on Friday, November 24th. Raymond James Financial increased their price objective on shares of Dollarama from C$140.00 to C$143.00 in a research note on Friday, September 8th. CIBC increased their price objective on shares of Dollarama from C$141.00 to C$157.00 in a research note on Friday, September 8th. Finally, Barclays increased their price objective on shares of Dollarama from C$123.00 to C$130.00 in a research note on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of C$157.92.
In related news, insider Geoffrey Peter Robillard sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total value of C$669,950.00.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 6th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, October 5th. Dollarama’s dividend payout ratio is 10.17%.
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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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