Domino’s Pizza, Inc. (DPZ) Expected to Post Quarterly Sales of $1.09 Billion
Equities research analysts forecast that Domino’s Pizza, Inc. (NYSE:DPZ) will report sales of $1.09 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Domino’s Pizza’s earnings, with estimates ranging from $1.05 billion to $1.12 billion. Domino’s Pizza posted sales of $891.51 million during the same quarter last year, which suggests a positive year over year growth rate of 22.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 19th.
On average, analysts expect that Domino’s Pizza will report full-year sales of $3.45 billion for the current year, with estimates ranging from $3.40 billion to $3.47 billion. For the next fiscal year, analysts anticipate that the company will post sales of $3.77 billion, with estimates ranging from $3.69 billion to $3.88 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Domino’s Pizza.
Domino’s Pizza (NYSE:DPZ) last posted its earnings results on Tuesday, October 16th. The restaurant operator reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.20. The firm had revenue of $786.00 million for the quarter, compared to the consensus estimate of $789.10 million. Domino’s Pizza had a negative return on equity of 11.92% and a net margin of 10.60%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 EPS.
In other Domino’s Pizza news, CEO Richard E. Allison, Jr. sold 5,000 shares of the stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $279.31, for a total transaction of $1,396,550.00. Following the sale, the chief executive officer now directly owns 44,864 shares in the company, valued at approximately $12,530,963.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.97% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DPZ. Willingdon Wealth Management bought a new position in Domino’s Pizza in the 3rd quarter worth $111,000. Qube Research & Technologies Ltd bought a new position in Domino’s Pizza in the 2nd quarter worth $119,000. First Hawaiian Bank bought a new position in Domino’s Pizza in the 3rd quarter worth $142,000. Harvest Fund Management Co. Ltd raised its holdings in Domino’s Pizza by 257.1% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 582 shares of the restaurant operator’s stock worth $172,000 after purchasing an additional 419 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new position in Domino’s Pizza in the 2nd quarter worth $166,000. 90.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Domino’s Pizza stock traded up $0.48 during midday trading on Thursday, hitting $250.16. The company had a trading volume of 510,610 shares, compared to its average volume of 706,239. The company has a market capitalization of $10.48 billion, a P/E ratio of 46.85, a PEG ratio of 1.74 and a beta of 0.41. Domino’s Pizza has a 52-week low of $179.47 and a 52-week high of $305.34.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.20 annualized dividend and a yield of 0.88%. Domino’s Pizza’s dividend payout ratio is 41.20%.
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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