Dollarama (OTCMKTS:DLMAF) Shares Up 8.8% Following Earnings Beat

Dollarama Inc. (OTCMKTS:DLMAF)’s share price shot up 8.8% during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $140.37 and last traded at $140.37. 590 shares were traded during trading, a decline of 90% from the average session volume of 5,793 shares. The stock had previously closed at $129.01.

The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.43%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DLMAF shares. Wells Fargo & Company raised shares of Dollarama to a “hold” rating in a research report on Tuesday, March 24th. Royal Bank Of Canada raised shares of Dollarama to a “moderate buy” rating in a research report on Monday, March 16th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a research report on Friday. TD Securities raised shares of Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. Finally, UBS Group raised shares of Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Four investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Dollarama Stock Down 2.7%

The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $37.02 billion and a P/E ratio of 73.06. The stock’s 50 day simple moving average is $127.10 and its 200 day simple moving average is $136.62.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.