These Analysts Boost Their Forecasts On Domino's Pizza After Upbeat Q4 Earnings
Portfolio Pulse from Avi Kapoor
Domino's Pizza Inc (NYSE:DPZ) reported Q4 earnings surpassing expectations with an EPS of $4.48 against a consensus of $4.38, and sales of $1.40 billion. Despite a slight miss on sales consensus, the company announced a 25% dividend increase to $1.51 and a $1 billion stock buyback. Analysts from JP Morgan, Oppenheimer, and Argus Research adjusted their price targets and ratings, reflecting a positive outlook on DPZ's performance.
February 27, 2024 | 1:20 pm
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Domino's Pizza reported higher-than-expected Q4 earnings, increased its dividend by 25%, and announced a $1 billion stock buyback. Analysts have adjusted their price targets upwards, reflecting a positive outlook.
The positive earnings report, coupled with the dividend increase and stock buyback announcement, are strong indicators of the company's financial health and future prospects. Analysts' upward adjustments in price targets further validate the optimistic outlook for DPZ, likely leading to a short-term positive impact on its stock price.
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