Analysts predict that Domino’s Pizza, Inc. (NYSE:DPZ) will report sales of $783.58 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Domino’s Pizza’s earnings, with the lowest sales estimate coming in at $780.80 million and the highest estimate coming in at $786.33 million. Domino’s Pizza posted sales of $628.61 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 24.7%. The company is expected to issue its next quarterly earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that Domino’s Pizza will report full-year sales of $3.47 billion for the current year, with estimates ranging from $3.41 billion to $3.55 billion. For the next financial year, analysts forecast that the company will report sales of $3.78 billion per share, with estimates ranging from $3.66 billion to $3.90 billion. Zacks’ sales averages 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 released its earnings results on Thursday, April 26th. The restaurant operator reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.23. The firm had revenue of $785.40 million during the quarter, compared to the consensus estimate of $688.15 million. Domino’s Pizza had a negative return on equity of 11.97% and a net margin of 10.32%. The company’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS.
In other news, insider J Patrick Doyle sold 20,842 shares of the stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $264.42, for a total value of $5,511,041.64. Following the completion of the sale, the insider now owns 24,670 shares of the company’s stock, valued at $6,523,241.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.97% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Amalgamated Bank grew its stake in Domino’s Pizza by 6.2% during the first quarter. Amalgamated Bank now owns 9,795 shares of the restaurant operator’s stock worth $2,288,000 after purchasing an additional 570 shares during the period. Principal Financial Group Inc. grew its stake in Domino’s Pizza by 1.8% during the first quarter. Principal Financial Group Inc. now owns 191,224 shares of the restaurant operator’s stock worth $44,662,000 after purchasing an additional 3,388 shares during the period. WINTON GROUP Ltd grew its stake in Domino’s Pizza by 523.5% during the first quarter. WINTON GROUP Ltd now owns 8,156 shares of the restaurant operator’s stock worth $1,905,000 after purchasing an additional 6,848 shares during the period. CIBC World Markets Inc. acquired a new stake in Domino’s Pizza during the first quarter worth approximately $4,172,000. Finally, Royal Bank of Canada grew its stake in Domino’s Pizza by 5.2% during the first quarter. Royal Bank of Canada now owns 31,787 shares of the restaurant operator’s stock worth $7,425,000 after purchasing an additional 1,575 shares during the period. 98.23% of the stock is owned by institutional investors.
Shares of NYSE:DPZ traded up $1.63 during trading on Thursday, reaching $292.39. 525,924 shares of the company traded hands, compared to its average volume of 574,096. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 44.53, a PEG ratio of 1.83 and a beta of 0.35. The company has a debt-to-equity ratio of -1.12, a quick ratio of 1.29 and a current ratio of 1.39. Domino’s Pizza has a 52 week low of $166.74 and a 52 week high of $293.81.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $2.20 annualized dividend and a dividend yield of 0.75%. Domino’s Pizza’s payout ratio is 41.20%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Domino's Pizza Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domino's Pizza and related companies with MarketBeat.com's FREE daily email newsletter.