Analysts Expect Domino’s Pizza, Inc. (DPZ) Will Announce Quarterly Sales of $835.68 Million

Analysts forecast that Domino’s Pizza, Inc. (NYSE:DPZ) will announce $835.68 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Domino’s Pizza’s earnings, with the lowest sales estimate coming in at $814.80 million and the highest estimate coming in at $852.20 million. Domino’s Pizza posted sales of $779.40 million in the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The firm is scheduled to announce its next earnings results on Thursday, July 18th.

According to Zacks, analysts expect that Domino’s Pizza will report full year sales of $3.71 billion for the current fiscal year, with estimates ranging from $3.64 billion to $3.77 billion. For the next financial year, analysts expect that the business will report sales of $4.05 billion, with estimates ranging from $3.91 billion to $4.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Domino’s Pizza.

Domino’s Pizza (NYSE:DPZ) last announced its earnings results on Wednesday, April 24th. The restaurant operator reported $2.20 EPS for the quarter, beating the consensus estimate of $2.07 by $0.13. Domino’s Pizza had a negative return on equity of 12.38% and a net margin of 10.50%. The company had revenue of $835.96 million for the quarter, compared to analyst estimates of $852.59 million. During the same quarter in the prior year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Several brokerages have issued reports on DPZ. Wells Fargo & Co increased their price target on Domino’s Pizza from $238.00 to $263.00 and gave the stock a “market perform” rating in a report on Thursday, February 14th. They noted that the move was a valuation call. Maxim Group reiterated a “buy” rating and issued a $315.00 price target (up previously from $305.00) on shares of Domino’s Pizza in a report on Wednesday, April 24th. ValuEngine upgraded Domino’s Pizza from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Stephens increased their price target on Domino’s Pizza from $310.00 to $325.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Finally, Robert W. Baird increased their price target on Domino’s Pizza from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Tuesday, February 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $297.16.

In other news, Director James A. Goldman sold 1,190 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $247.24, for a total value of $294,215.60. Following the transaction, the director now owns 7,695 shares in the company, valued at $1,902,511.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey D. Lawrence sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $255.00, for a total value of $1,020,000.00. Following the completion of the transaction, the chief financial officer now owns 3,494 shares in the company, valued at approximately $890,970. The disclosure for this sale can be found here. 1.62% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Domino’s Pizza by 129.8% during the third quarter. JPMorgan Chase & Co. now owns 112,037 shares of the restaurant operator’s stock valued at $33,028,000 after acquiring an additional 63,290 shares during the last quarter. Federated Investors Inc. PA increased its position in shares of Domino’s Pizza by 80.6% during the third quarter. Federated Investors Inc. PA now owns 30,584 shares of the restaurant operator’s stock valued at $9,016,000 after acquiring an additional 13,646 shares during the last quarter. Gateway Investment Advisers LLC increased its position in shares of Domino’s Pizza by 4.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 41,635 shares of the restaurant operator’s stock valued at $10,325,000 after acquiring an additional 1,648 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of Domino’s Pizza by 3.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,110 shares of the restaurant operator’s stock valued at $2,755,000 after acquiring an additional 400 shares during the last quarter. Finally, Dock Street Asset Management Inc. increased its position in shares of Domino’s Pizza by 2.8% during the fourth quarter. Dock Street Asset Management Inc. now owns 47,784 shares of the restaurant operator’s stock valued at $11,850,000 after acquiring an additional 1,311 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Shares of Domino’s Pizza stock opened at $276.67 on Thursday. Domino’s Pizza has a one year low of $231.28 and a one year high of $305.34. The stock has a market cap of $11.21 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.00 and a beta of 0.57.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.94%. Domino’s Pizza’s dividend payout ratio is presently 30.88%.

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 in three segments: U.S. Stores, International Franchise, and Supply Chain. The company offers pizzas under the Domino's brand name through company-owned and franchised stores.

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Earnings History and Estimates for Domino`s Pizza (NYSE:DPZ)

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