Dollarama (OTCMKTS:DLMAF) Rating Increased to Strong-Buy at Ventum Financial

Key Points

• Ventum Financial upgraded Dollarama to “strong buy,” joining a generally positive analyst consensus. MarketBeat reports five strong-buy ratings, five buy ratings, and four holds, for an overall “Buy” rating.
• Dollarama reported quarterly EPS of $0.77, beating estimates of $0.72, while revenue of $1.36 billion exceeded the $1.34 billion consensus forecast.
• The stock opened at $135.71, with a market capitalization of approximately $36.57 billion and a 12-month trading range of $112.41 to $160.86.

Dollarama (OTCMKTS:DLMAF - Get Free Report) was upgraded by stock analysts at Ventum Financial to a "strong-buy" rating in a note issued to investors on Thursday,Zacks.com reports.

Other equities analysts have also issued research reports about the company. BMO Capital Markets reiterated an "outperform" rating on shares of Dollarama in a research report on Friday, June 12th. Stifel Nicolaus raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of Dollarama in a report on Friday, June 12th. Finally, Scotiabank reissued an "outperform" rating on shares of Dollarama in a research report on Friday, June 12th. Five equities research 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.com, Dollarama has a consensus rating of "Buy".

Dollarama Stock Down 0.2%

OTCMKTS DLMAF opened at $135.71 on Thursday. Dollarama has a 12 month low of $112.41 and a 12 month high of $160.86. The company has a market capitalization of $36.57 billion and a P/E ratio of 51.41. The company's 50 day simple moving average is $134.42 and its 200 day simple moving average is $133.06. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.57 and a quick ratio of 0.70.

Dollarama (OTCMKTS:DLMAF - Get Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. Equities research analysts expect that Dollarama will post 3.65 earnings per share for the current fiscal year.

Dollarama Company Profile

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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