Domino’s Pizza (NASDAQ:DPZ) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Domino’s Pizza (NASDAQ:DPZ) issued its quarterly earnings data on Monday. The restaurant operator reported $4.89 earnings per share for the quarter, missing the consensus estimate of $4.93 by ($0.04), Zacks reports. Domino’s Pizza had a negative return on equity of 14.35% and a net margin of 12.26%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the company posted $4.48 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis.

Domino’s Pizza Stock Up 3.2 %

Shares of DPZ opened at $470.14 on Wednesday. The firm has a market cap of $16.23 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 2.47 and a beta of 0.90. The company’s fifty day moving average is $441.59 and its two-hundred day moving average is $435.35. Domino’s Pizza has a fifty-two week low of $396.06 and a fifty-two week high of $542.75.

Domino’s Pizza Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.74 dividend. This represents a $6.96 dividend on an annualized basis and a yield of 1.48%. This is an increase from Domino’s Pizza’s previous quarterly dividend of $1.51. The ex-dividend date of this dividend is Friday, March 14th. Domino’s Pizza’s payout ratio is presently 37.10%.

Analysts Set New Price Targets

DPZ has been the topic of several research analyst reports. BMO Capital Markets boosted their price objective on Domino’s Pizza from $500.00 to $515.00 and gave the company an “outperform” rating in a report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $520.00 target price on shares of Domino’s Pizza in a research note on Tuesday. Oppenheimer boosted their price target on shares of Domino’s Pizza from $490.00 to $495.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Stephens raised their target price on shares of Domino’s Pizza from $420.00 to $440.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Robert W. Baird dropped their target price on Domino’s Pizza from $545.00 to $510.00 and set an “outperform” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Domino’s Pizza presently has an average rating of “Moderate Buy” and an average target price of $503.41.

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.