Brokerages forecast that Domino’s Pizza (NYSE:DPZ) will post earnings per share (EPS) of $1.72 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Domino’s Pizza’s earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.82. Domino’s Pizza posted earnings of $1.32 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.3%. The firm is expected to report its next earnings results on Tuesday, July 24th.
On average, analysts expect that Domino’s Pizza will report full year earnings of $8.21 per share for the current fiscal year, with EPS estimates ranging from $7.82 to $8.45. For the next fiscal year, analysts anticipate that the business will report earnings of $9.45 per share, with EPS estimates ranging from $9.20 to $9.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Domino’s Pizza.
Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.23. The firm had revenue of $785.40 million during the quarter, compared to analysts’ expectations of $688.15 million. Domino’s Pizza had a negative return on equity of 11.97% and a net margin of 10.32%. Domino’s Pizza’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS.
Several research analysts have recently issued reports on the company. Mizuho assumed coverage on Domino’s Pizza in a research note on Wednesday, January 24th. They issued a “buy” rating and a $250.00 price target for the company. Credit Suisse Group reissued an “outperform” rating and issued a $220.00 price target (down previously from $235.00) on shares of Domino’s Pizza in a research note on Tuesday, January 23rd. Oppenheimer increased their price target on Domino’s Pizza from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Bank of America set a $245.00 price target on Domino’s Pizza and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, Citigroup increased their price target on Domino’s Pizza from $217.00 to $232.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $245.19.
Shares of Domino’s Pizza stock traded down $1.69 on Tuesday, hitting $244.86. 697,857 shares of the company’s stock traded hands, compared to its average volume of 632,380. The stock has a market cap of $10.35 billion, a P/E ratio of 45.85, a price-to-earnings-growth ratio of 1.56 and a beta of 0.36. The company has a current ratio of 1.39, a quick ratio of 1.29 and a debt-to-equity ratio of -1.12. Domino’s Pizza has a 52-week low of $166.74 and a 52-week high of $255.00.
Domino’s Pizza declared that its board has authorized a share buyback plan on Tuesday, February 20th that authorizes the company to repurchase $750.00 million in shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.90%. Domino’s Pizza’s dividend payout ratio (DPR) is 41.20%.
In related news, insider J Patrick Doyle sold 60,000 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $251.25, for a total value of $15,075,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. DnB Asset Management AS bought a new position in shares of Domino’s Pizza during the 4th quarter worth approximately $2,003,000. Gateway Investment Advisers LLC grew its position in shares of Domino’s Pizza by 7.9% during the 4th quarter. Gateway Investment Advisers LLC now owns 46,193 shares of the restaurant operator’s stock valued at $8,729,000 after purchasing an additional 3,384 shares in the last quarter. Creative Planning grew its position in shares of Domino’s Pizza by 31.1% during the 4th quarter. Creative Planning now owns 2,488 shares of the restaurant operator’s stock valued at $470,000 after purchasing an additional 590 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Domino’s Pizza by 0.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 187,951 shares of the restaurant operator’s stock valued at $35,516,000 after purchasing an additional 596 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Domino’s Pizza by 3,482.1% during the 4th quarter. Acadian Asset Management LLC now owns 1,003 shares of the restaurant operator’s stock valued at $190,000 after purchasing an additional 975 shares in the last quarter.
Domino’s Pizza Company Profile
Domino's Pizza, Inc, through its subsidiaries, operates as a pizza delivery company in the United States and internationally. It operates through three segments: Domestic Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's Pizza brand name through company-owned and franchised Domino's Pizza stores.
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