Domino’s Pizza (DPZ) to Release Earnings on Tuesday
Domino’s Pizza (NYSE:DPZ) will issue its quarterly earnings data before the market opens on Tuesday, October 16th. Analysts expect the company to announce earnings of $1.73 per share for the quarter.
Domino’s Pizza (NYSE:DPZ) last released its earnings results on Thursday, July 19th. The restaurant operator reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.10. Domino’s Pizza had a net margin of 10.19% and a negative return on equity of 11.29%. The company had revenue of $779.40 million for the quarter, compared to the consensus estimate of $786.88 million. During the same period in the prior year, the company posted $1.32 EPS. The company’s revenue was up 24.0% compared to the same quarter last year. On average, analysts expect Domino’s Pizza to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Domino’s Pizza stock opened at $277.34 on Friday. The company has a debt-to-equity ratio of -1.17, a quick ratio of 1.70 and a current ratio of 1.81. Domino’s Pizza has a 1 year low of $166.74 and a 1 year high of $305.34. The stock has a market cap of $12.34 billion, a price-to-earnings ratio of 51.94, a price-to-earnings-growth ratio of 1.86 and a beta of 0.23.
In related news, insider J Patrick Doyle sold 25,600 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $301.15, for a total transaction of $7,709,440.00. Following the completion of the sale, the insider now directly owns 49,670 shares of the company’s stock, valued at approximately $14,958,120.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Russell J. Weiner sold 4,404 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $293.88, for a total value of $1,294,247.52. Following the sale, the chief operating officer now directly owns 13,738 shares of the company’s stock, valued at $4,037,323.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,004 shares of company stock valued at $11,956,888. 3.97% of the stock is owned by company insiders.
DPZ has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Domino’s Pizza from a “hold” rating to a “sell” rating in a research report on Tuesday, September 18th. Citigroup upped their target price on shares of Domino’s Pizza from $281.00 to $298.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Domino’s Pizza from $260.00 to $270.00 and gave the company a “$271.75” rating in a research report on Monday, July 23rd. Guggenheim reiterated a “buy” rating and issued a $303.00 price target on shares of Domino’s Pizza in a research report on Friday, July 20th. Finally, Stephens increased their price target on shares of Domino’s Pizza from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Nine research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $272.68.
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 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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