Shares of Dollarama Inc. (OTCMKTS:DLMAF – Get Free Report) gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $127.8595, but opened at $135.47. Dollarama shares last traded at $137.4525, with a volume of 450 shares changing hands.
The company reported $999.00 earnings per share for the quarter, topping the consensus estimate of $0.73 by $998.27. Dollarama had a net margin of 18.05% and a return on equity of 94.85%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Zacks Research upgraded Dollarama to a “hold” rating in a report on Monday, March 16th. UBS Group upgraded Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Canaccord Genuity Group raised Dollarama to a “hold” rating in a research note on Tuesday, March 24th. Royal Bank Of Canada upgraded Dollarama to a “moderate buy” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group raised Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
Dollarama Price Performance
The company has a fifty day moving average of $126.48 and a 200-day moving average of $136.62. 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 cap of $37.26 billion and a PE ratio of 73.50.
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.
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