Domino's Pizza beats Street 3Q forecasts

BUSINESS Big changes coming to Domino's menu 12 Oct 2017 2:13pm 5 minutes to read Big changes are coming to the Domino's menu

BUSINESS Big changes coming to Domino's menu 12 Oct 2017 2:13pm 5 minutes to read Big changes are coming to the Domino's menu

Maxim Group maintained Domino's Pizza, Inc. Wall Street expected revenue of $631 million. During the same quarter previous year, the business earned $0.96 earnings per share.

While considering EPS estimates of the company, it has next quarter growth estimates of 1.96 whereas during current year it has 5.7 estimations over growth, comparing to the estimations of 6.78 during next year.

Technical traders may be staring at recent indicator levels on shares of Domino's Pizza, Inc. Domino's Pizza has a consensus rating of "Hold" and an average target price of $199.46. The firm has a market cap of $9.67 billion, a P/E ratio of 39.83 and a beta of 0.36. Stockholders of record on Friday, September 15th were paid a $0.46 dividend. For the most recent quarter, quick ratio was 1.50, current ratio was 1.60, LT Debt/Equity ratio was 0 and Total Debt/Equity ratio stands at 0.00, while Payout ratio is 0.324. The ex-dividend date of this dividend was Thursday, September 14th. Barclays Capital maintained Domino's Pizza Group PLC.

Heading into the earnings release, covering sell-side analysts have a consensus target price of $212.31 on Domino's Pizza, Inc. shares. This repurchase authorization authorizes the restaurant operator to buy up to 13.5% of its shares through open market purchases.

A number of research firms recently weighed in on DPZ. (NYSE:DPZ) stock may see increased volatility following the report.

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In an analyst note revealed to investors this morning, Credit Suisse reconfirmed their Outperform rating on Domino's Pizza Group (LON:DOM) shares. Instinet reaffirmed a "neutral" rating and set a $198.00 price objective (up previously from $196.00) on shares of Domino's Pizza in a report on Saturday, July 22nd. The stock of Domino's Pizza Group PLC. On Wednesday, December 14 the stock rating was maintained by Berenberg with "Buy". Looking back over the last month, shares have performed 10.80%. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The PT would indicate a possible downside of -21.48 % from firm's last price.

Analysts await Domino's Pizza Inc (NASDAQ:DPZ) to report earnings on Oct, 12 for the fiscal quarter ending Sep 2017. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & global copyright law.

"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 global operators to turn in another quarter of phenomenal results", said J. Patrick Doyle, Domino's President and Chief Executive Officer.

Domino's Pizza Group plc is a United Kingdom pizza delivery company. As of January 1, 2017, the Company operated in over 13,800 locations in over 85 markets around the world.

The double-digit growth in revenue was attributed by the company "primarily to higher supply chain revenues from increased volumes".

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