Analysts Expect Domino’s Pizza, Inc. (NYSE:DPZ) Will Post Quarterly Sales of $835.68 Million
Analysts expect that Domino’s Pizza, Inc. (NYSE:DPZ) will announce $835.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Domino’s Pizza’s earnings. The highest sales estimate is $852.20 million and the lowest is $814.80 million. Domino’s Pizza reported sales of $779.40 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The company is expected to report its next earnings results before the market opens on Tuesday, July 16th.
According to Zacks, analysts expect that Domino’s Pizza will report full-year sales of $3.71 billion for the current fiscal year, with estimates ranging from $3.64 billion to $3.77 billion. For the next year, analysts anticipate that the company will post sales of $4.05 billion, with estimates ranging from $3.91 billion to $4.21 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Domino’s Pizza.
Domino’s Pizza (NYSE:DPZ) last issued its quarterly earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The firm had revenue of $835.96 million for the quarter, compared to analyst estimates of $852.59 million. During the same period in the previous year, the company posted $2.00 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.
In other news, CFO Jeffrey D. Lawrence sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $255.00, for a total value of $1,020,000.00. Following the transaction, the chief financial officer now directly owns 3,494 shares of the company’s stock, valued at approximately $890,970. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Richard E. Allison, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total value of $2,791,900.00. The disclosure for this sale can be found here. 1.62% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. CWM LLC increased its position in shares of Domino’s Pizza by 613.3% in the 4th quarter. CWM LLC now owns 107 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 92 shares in the last quarter. Field & Main Bank bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $37,000. Ffcm LLC increased its position in shares of Domino’s Pizza by 91.1% in the 4th quarter. Ffcm LLC now owns 172 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 82 shares in the last quarter. Finally, Institutional & Family Asset Management LLC bought a new stake in shares of Domino’s Pizza in the 1st quarter valued at $58,000. 97.30% of the stock is currently owned by hedge funds and other institutional investors.
DPZ traded down $0.64 on Friday, hitting $280.65. 592,411 shares of the stock traded hands, compared to its average volume of 468,172. Domino’s Pizza has a 52 week low of $231.28 and a 52 week high of $305.34. The firm has a market capitalization of $11.56 billion, a price-to-earnings ratio of 33.33, a P/E/G ratio of 2.06 and a beta of 0.53.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, June 13th. Domino’s Pizza’s payout ratio is 30.88%.
About Domino’s Pizza
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.
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