Analysts forecast that Domino's Pizza, Inc. (NYSE:DPZ) will announce sales of $683.99 million for the current quarter, Zacks reports. Six analysts have provided estimates for Domino's Pizza’s earnings. The highest sales estimate is $692.59 million and the lowest is $672.99 million. Domino's Pizza reported sales of $624.22 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.6%. The firm is expected to report its next earnings results on Thursday, April 26th.
On average, analysts expect that Domino's Pizza will report full year sales of $683.99 million for the current fiscal year, with estimates ranging from $3.02 billion to $3.17 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $3.34 billion per share, with estimates ranging from $3.25 billion to $3.50 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Domino's Pizza.
Domino's Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, February 20th. The restaurant operator reported $2.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.15. The business had revenue of $891.50 million for the quarter, compared to analyst estimates of $904.79 million. Domino's Pizza had a net margin of 9.97% and a negative return on equity of 12.02%. Domino's Pizza’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 EPS.
Domino's Pizza (DPZ) traded down $1.29 during trading on Friday, reaching $226.40. 675,327 shares of the company were exchanged, compared to its average volume of 1,124,578. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of -1.14. The company has a market cap of $9,905.38, a price-to-earnings ratio of 38.70, a PEG ratio of 1.91 and a beta of 0.43. Domino's Pizza has a twelve month low of $166.74 and a twelve month high of $236.00.
Domino's Pizza declared that its board has approved a stock buyback plan on Tuesday, February 20th that allows the company to buyback $750.00 million in outstanding shares. This buyback authorization allows the restaurant operator to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a dividend of $0.55 per share. The ex-dividend date is Wednesday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 0.97%. This is a positive change from Domino's Pizza’s previous quarterly dividend of $0.46. Domino's Pizza’s dividend payout ratio (DPR) is currently 31.45%.
In related news, CFO Jeffrey D. Lawrence sold 17,000 shares of the stock in a transaction on Friday, December 15th. The shares were sold at an average price of $184.87, for a total transaction of $3,142,790.00. Following the transaction, the chief financial officer now owns 26,841 shares of the company’s stock, valued at approximately $4,962,095.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.57% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in DPZ. Crossmark Global Holdings Inc. bought a new position in shares of Domino's Pizza during the 3rd quarter valued at $1,314,000. Dupont Capital Management Corp purchased a new stake in Domino's Pizza during the 3rd quarter valued at $848,000. Swiss National Bank boosted its position in Domino's Pizza by 1.1% during the 3rd quarter. Swiss National Bank now owns 177,100 shares of the restaurant operator’s stock valued at $35,163,000 after buying an additional 1,900 shares during the period. Sei Investments Co. boosted its position in Domino's Pizza by 20.6% during the 3rd quarter. Sei Investments Co. now owns 15,100 shares of the restaurant operator’s stock valued at $2,998,000 after buying an additional 2,575 shares during the period. Finally, Retirement Systems of Alabama boosted its position in Domino's Pizza by 83.3% during the 3rd quarter. Retirement Systems of Alabama now owns 113,663 shares of the restaurant operator’s stock valued at $22,568,000 after buying an additional 51,666 shares during the period. 94.20% of the stock is currently owned by institutional investors.
About Domino's Pizza
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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