Dollarama (OTCMKTS:DLMAF) Trading Up 5.3% Following Earnings Beat

Dollarama Inc. (OTCMKTS:DLMAF)’s share price was up 5.3% during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $125.27 and last traded at $125.27. 2,243 shares traded hands during trading, a decline of 88% from the average session volume of 19,168 shares. The stock had previously closed at $118.9186.

The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. Dollarama had a return on equity of 94.77% and a net margin of 17.65%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DLMAF shares. BMO Capital Markets reissued an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Ventum Financial raised shares of Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Scotiabank reiterated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Five analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Dollarama Stock Up 5.3%

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 stock has a market capitalization of $33.68 billion and a PE ratio of 47.45. The stock’s fifty day simple moving average is $131.60 and its 200-day simple moving average is $131.26.

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.