Is there a Bearish outlook for Domino's Pizza Group PLC
Oct 12 2017 by Johnny Bowman
Domino's third quarter results showed profit rising to $56.4 million, or $1.18 per share, from $47.2 million a year earlier.
New accounting standards for share-based compensation have reduced tax expenses and appeared to add as much as 7 cents to Domino's third-quarter earnings, Maxim Group analyst Stephen Anderson said in a note.
Looking forward, for the quarter ending Dec-17, 15 analysts have a mean sales target of 904.70 million. The pizza chain posted $1.27 in earnings per share (EPS) and $643.6 million in revenue, while consensus estimates from Thomson Reuters had called for only $1.23 in EPS and revenue of $627.35 million.
Domino's recent sales have set a high bar for the pizza chain. Share performance for the month is now at 10.17%. The company has a 50-day moving average price of $192.64 and a 200 day moving average price of $196.16. 2,249,792 shares of the company were exchanged.
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Now insiders hold 507,747 shares in the business which makes up 1.06% of shares. A stock that maintains a relatively stable price has low volatility. Finally, Bank of New York Mellon Corp grew its holdings in Domino's Pizza by 2.0% during the second quarter. Liberum Capital maintained Domino's Pizza Group PLC. Zacks Investment Research lowered Domino's Pizza from a "buy" rating to a "hold" rating in a report on Wednesday, August 23rd. From the start of the calendar year, shares have been 31.40%. Vanguard Group Inc. now owns 4,164,927 shares of the restaurant operator's stock worth $881,007,000 after acquiring an additional 327,585 shares during the period.
The third quarter was an excellent example of us simply continuing to do what we do best: executing on our long-term strategy, relying upon our strong fundamentals and aligning with our outstanding USA and worldwide operators to turn in another quarter of phenomenal results. Domino's Pizza had a negative return on equity of 13.28% and a net margin of 9.40%.
Price-to-Earnings Ratio is the current share price divided by annual earnings per share. If you are viewing this article on another domain, it was stolen and reposted in violation of USA and global trademark and copyright laws. "Higher same store sales and store count growth in both our domestic and global markets also contributed to the increase in revenues", the company added.
COPYRIGHT VIOLATION WARNING: "Caxton Associates LP Buys New Holdings in Domino's Pizza Inc (DPZ)" was published by TrueBlueTribune and is the sole property of of TrueBlueTribune. Its basic menu features pizza products in various sizes and crust types.