Dollarama Inc. (TSE:DOL) to Post Q3 2024 Earnings of $0.86 Per Share, Desjardins Forecasts

Dollarama Inc. (TSE:DOL) – Stock analysts at Desjardins raised their Q3 2024 EPS estimates for Dollarama in a research note issued on Thursday, September 14th. Desjardins analyst C. Li now forecasts that the company will earn $0.86 per share for the quarter, up from their prior forecast of $0.77. Desjardins has a “Buy” rating and a $93.00 price objective on the stock. The consensus estimate for Dollarama’s current full-year earnings is $3.66 per share. Desjardins also issued estimates for Dollarama’s Q4 2024 earnings at $1.01 EPS, FY2024 earnings at $3.36 EPS and FY2025 earnings at $3.86 EPS.

A number of other analysts have also issued reports on DOL. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. BMO Capital Markets boosted their price target on shares of Dollarama from C$95.00 to C$105.00 and gave the stock an “outperform” rating in a research note on Thursday. Canaccord Genuity Group upped their target price on shares of Dollarama from C$85.00 to C$94.00 and gave the stock a “hold” rating in a research note on Thursday. CIBC upped their target price on shares of Dollarama from C$89.00 to C$99.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Scotiabank upped their target price on shares of Dollarama from C$95.50 to C$99.50 and gave the stock an “outperform” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and a consensus target price of C$97.54.

Dollarama Stock Up 1.7 %

Shares of TSE:DOL opened at C$96.29 on Friday. The company has a debt-to-equity ratio of 1,949.93, a current ratio of 1.13 and a quick ratio of 0.08. The firm has a market capitalization of C$27.29 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73. The firm’s 50-day moving average is C$87.31 and its two-hundred day moving average is C$84.28. Dollarama has a 1 year low of C$74.36 and a 1 year high of C$96.40.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, October 6th will be issued a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, October 5th. Dollarama’s dividend payout ratio (DPR) is 9.66%.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.