Domino’s Pizza (NYSE:DPZ) Issues Earnings Results, Beats Estimates By $0.12 EPS

Domino’s Pizza (NYSE:DPZ) announced its quarterly earnings data on Monday. The restaurant operator reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $3.46 by $0.12, Briefing.com reports. Domino’s Pizza had a net margin of 11.59% and a negative return on equity of 12.56%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm posted $2.93 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year.

Domino’s Pizza Price Performance

DPZ traded up $1.48 during midday trading on Tuesday, reaching $528.61. 45,467 shares of the company’s stock were exchanged, compared to its average volume of 580,014. Domino’s Pizza has a 1-year low of $285.84 and a 1-year high of $539.99. The stock has a market capitalization of $18.41 billion, a PE ratio of 35.93, a P/E/G ratio of 2.61 and a beta of 0.86. The business’s 50-day moving average price is $469.22 and its 200 day moving average price is $420.72.

Domino’s Pizza Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $1.51 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $6.04 dividend on an annualized basis and a yield of 1.14%. Domino’s Pizza’s payout ratio is 41.17%.

Insider Activity

In other news, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now directly owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Cynthia A. Headen sold 768 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $451.52, for a total transaction of $346,767.36. Following the transaction, the executive vice president now owns 4,103 shares of the company’s stock, valued at $1,852,586.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Cynthia A. Headen sold 108 shares of the business’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $495.08, for a total value of $53,468.64. Following the completion of the transaction, the executive vice president now owns 3,910 shares of the company’s stock, valued at $1,935,762.80. The disclosure for this sale can be found here. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Sanford C. Bernstein raised Domino’s Pizza from an “underperform” rating to a “market perform” rating and increased their target price for the company from $330.00 to $370.00 in a report on Tuesday, January 9th. BMO Capital Markets increased their price target on shares of Domino’s Pizza from $535.00 to $575.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group boosted their price objective on shares of Domino’s Pizza from $455.00 to $480.00 and gave the stock a “hold” rating in a research report on Tuesday, April 16th. Citigroup boosted their price target on shares of Domino’s Pizza from $458.00 to $505.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $430.00 price objective (up previously from $420.00) on shares of Domino’s Pizza in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $482.07.

About Domino’s Pizza

Domino's Pizza, Inc, through its subsidiaries, operates as a pizza company in the United States and internationally. The company operates through three segments: U.S. Stores, International Franchise, and Supply Chain. It offers pizzas under the Domino's brand name through company-owned and franchised stores.