Zacks: Analysts Anticipate Domino’s Pizza, Inc. (NYSE:DPZ) to Announce $2.06 Earnings Per Share

Brokerages expect Domino’s Pizza, Inc. (NYSE:DPZ) to announce earnings of $2.06 per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Domino’s Pizza’s earnings, with estimates ranging from $1.98 to $2.14. Domino’s Pizza reported earnings per share of $1.95 in the same quarter last year, which would indicate a positive year over year growth rate of 5.6%. The business is expected to report its next quarterly earnings results on Tuesday, October 15th.

On average, analysts expect that Domino’s Pizza will report full year earnings of $9.43 per share for the current financial year, with EPS estimates ranging from $9.25 to $9.61. For the next fiscal year, analysts expect that the business will post earnings of $10.68 per share, with EPS estimates ranging from $10.34 to $11.11. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Domino’s Pizza.

Domino’s Pizza (NYSE:DPZ) last released its quarterly earnings results on Tuesday, July 16th. The restaurant operator reported $2.19 EPS for the quarter, topping the consensus estimate of $2.00 by $0.19. The firm had revenue of $811.65 million for the quarter, compared to analyst estimates of $834.87 million. Domino’s Pizza had a negative return on equity of 12.81% and a net margin of 10.83%. Domino’s Pizza’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS.



DPZ has been the topic of several recent research reports. MKM Partners initiated coverage on Domino’s Pizza in a research report on Tuesday. They set a “neutral” rating and a $265.00 price target on the stock. Mizuho dropped their price objective on Domino’s Pizza from $320.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Deutsche Bank assumed coverage on Domino’s Pizza in a report on Monday, July 29th. They set a “sell” rating on the stock. Bank of America lifted their price objective on Domino’s Pizza from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. Finally, Argus dropped their price objective on Domino’s Pizza from $310.00 to $280.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $292.65.

In related news, CEO Richard E. Allison, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $279.19, for a total transaction of $2,791,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.62% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its position in Domino’s Pizza by 375.3% during the 1st quarter. Principal Financial Group Inc. now owns 873,859 shares of the restaurant operator’s stock worth $225,544,000 after acquiring an additional 690,006 shares during the period. Wells Fargo & Company MN boosted its position in Domino’s Pizza by 78.1% during the 2nd quarter. Wells Fargo & Company MN now owns 858,292 shares of the restaurant operator’s stock worth $238,845,000 after acquiring an additional 376,248 shares during the period. Frontier Capital Management Co. LLC acquired a new position in Domino’s Pizza during the 1st quarter worth $43,926,000. William Blair Investment Management LLC boosted its position in Domino’s Pizza by 21.4% during the 1st quarter. William Blair Investment Management LLC now owns 911,602 shares of the restaurant operator’s stock worth $235,284,000 after acquiring an additional 161,000 shares during the period. Finally, Victory Capital Management Inc. boosted its position in Domino’s Pizza by 186.8% during the 1st quarter. Victory Capital Management Inc. now owns 217,836 shares of the restaurant operator’s stock worth $56,223,000 after acquiring an additional 141,879 shares during the period. Hedge funds and other institutional investors own 97.17% of the company’s stock.

Domino’s Pizza stock traded up $0.47 during midday trading on Tuesday, hitting $240.60. 607,598 shares of the company were exchanged, compared to its average volume of 840,675. The stock has a fifty day simple moving average of $262.73. The company has a market cap of $10.22 billion, a P/E ratio of 28.57, a PEG ratio of 1.78 and a beta of 0.46. Domino’s Pizza has a fifty-two week low of $231.28 and a fifty-two week high of $305.34.

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 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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