Dollarama (OTCMKTS:DLMAF) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Dollarama (OTCMKTS:DLMAF) issued its earnings results on Wednesday. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01, Zacks reports. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Dollarama had a return on equity of 98.00% and a net margin of 17.32%.

Dollarama Stock Performance

OTCMKTS:DLMAF opened at $124.54 on Friday. The firm has a market capitalization of $33.49 billion and a PE ratio of 34.59. Dollarama has a 1 year low of $112.41 and a 1 year high of $160.86. The company has a current ratio of 1.57, a quick ratio of 0.70 and a debt-to-equity ratio of 3.96. The firm’s fifty day simple moving average is $131.33 and its 200 day simple moving average is $130.94.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DLMAF shares. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Ventum Financial upgraded Dollarama to a “strong-buy” rating in a report on Thursday, August 20th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Dollarama in a research note on Thursday. Five investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dollarama has an average rating of “Buy”.

Dollarama Company Profile

Dollarama Inc is a Canadian value retailer that operates a chain of stores offering a broad assortment of everyday consumer products at fixed, low price points. Its merchandise includes general merchandise, household supplies, seasonal items, toys, stationery, party goods, hardware, kitchen products, and select food and convenience products.

Founded in 1992, Dollarama has expanded into one of Canada’s largest discount-store networks, serving communities across the country through stores in all provinces and territories.