Domino’s Pizza (NYSE:DPZ) Releases Earnings Results, Beats Expectations By $0.26 EPS

Domino’s Pizza (NYSE:DPZ) issued its quarterly earnings results on Thursday. The restaurant operator reported $3.12 EPS for the quarter, beating the Zacks’ consensus estimate of $2.86 by $0.26, MarketWatch Earnings reports. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $971.99 million. Domino’s Pizza had a negative return on equity of 14.49% and a net margin of 11.53%. Domino’s Pizza’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business posted $2.99 earnings per share.

NYSE DPZ opened at $534.00 on Friday. The company’s 50-day moving average price is $454.11. Domino’s Pizza has a twelve month low of $319.71 and a twelve month high of $548.72. The stock has a market capitalization of $20.74 billion, a P/E ratio of 43.70, a price-to-earnings-growth ratio of 3.06 and a beta of 0.49.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, September 14th. This represents a $3.76 dividend on an annualized basis and a yield of 0.70%. Domino’s Pizza’s payout ratio is 31.31%.

Several equities analysts have weighed in on the company. Robert W. Baird reissued a “buy” rating on shares of Domino’s Pizza in a report on Tuesday, June 29th. Credit Suisse Group increased their price objective on Domino’s Pizza from $425.00 to $460.00 and gave the company an “outperform” rating in a report on Friday, April 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Domino’s Pizza from $369.00 to $380.00 and gave the company a “hold” rating in a report on Wednesday, March 31st. BTIG Research increased their price objective on Domino’s Pizza from $525.00 to $625.00 and gave the company a “buy” rating in a report on Friday. Finally, The Goldman Sachs Group lowered Domino’s Pizza from a “buy” rating to a “neutral” rating and set a $450.00 price objective for the company. in a report on Tuesday, May 25th. Sixteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $475.83.

In other news, EVP Joseph Hugh Jordan sold 3,970 shares of Domino’s Pizza stock in a transaction dated Wednesday, May 5th. The stock was sold at an average price of $432.65, for a total value of $1,717,620.50. Following the transaction, the executive vice president now owns 7,044 shares in the company, valued at $3,047,586.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Timothy P. Mcintyre sold 2,600 shares of the business’s stock in a transaction dated Monday, May 10th. The shares were sold at an average price of $430.96, for a total value of $1,120,496.00. The disclosure for this sale can be found here. Insiders have sold 26,887 shares of company stock worth $11,800,422 in the last 90 days. Company insiders own 1.32% of the company’s stock.

Domino’s Pizza Company Profile

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through 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 for Domino`s Pizza (NYSE:DPZ)

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