Brokerages Expect Dollar Tree, Inc. (DLTR) Will Post Earnings of $1.92 Per Share

Equities analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to post $1.92 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Dollar Tree’s earnings, with the highest EPS estimate coming in at $1.95 and the lowest estimate coming in at $1.89. Dollar Tree reported earnings of $1.89 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The business is expected to report its next quarterly earnings report on Wednesday, March 6th.

On average, analysts expect that Dollar Tree will report full-year earnings of $5.45 per share for the current year, with EPS estimates ranging from $5.41 to $5.55. For the next fiscal year, analysts forecast that the firm will post earnings of $5.78 per share, with EPS estimates ranging from $5.61 to $6.25. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Thursday, November 29th. The company reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.03. Dollar Tree had a return on equity of 17.11% and a net margin of 7.64%. The company had revenue of $5.54 billion for the quarter, compared to analysts’ expectations of $5.55 billion. During the same quarter last year, the business earned $1.01 earnings per share. Dollar Tree’s revenue was up 4.2% on a year-over-year basis.

A number of research analysts have issued reports on DLTR shares. FIX cut Dollar Tree from an “outperform” rating to a “market perform” rating in a research report on Thursday, January 10th. BMO Capital Markets started coverage on Dollar Tree in a research report on Thursday, January 10th. They issued a “market perform” rating on the stock. BidaskClub cut Dollar Tree from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 19th. Buckingham Research upgraded Dollar Tree from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 8th. Finally, Wolfe Research started coverage on Dollar Tree in a research report on Monday. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $99.82.

Dollar Tree stock traded up $0.32 during midday trading on Friday, reaching $98.85. The company’s stock had a trading volume of 1,571,282 shares, compared to its average volume of 2,428,528. Dollar Tree has a 52 week low of $78.78 and a 52 week high of $109.57. The company has a quick ratio of 0.48, a current ratio of 2.22 and a debt-to-equity ratio of 0.63. The stock has a market cap of $23.74 billion, a PE ratio of 20.34, a P/E/G ratio of 1.24 and a beta of 0.46.

Several institutional investors have recently bought and sold shares of the stock. grace capital lifted its stake in shares of Dollar Tree by 88.9% in the fourth quarter. grace capital now owns 3,400 shares of the company’s stock worth $307,000 after acquiring an additional 1,600 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Dollar Tree by 15.4% in the fourth quarter. Macquarie Group Ltd. now owns 9,758,673 shares of the company’s stock worth $881,404,000 after acquiring an additional 1,303,200 shares during the period. National Pension Service lifted its stake in shares of Dollar Tree by 5.4% in the fourth quarter. National Pension Service now owns 301,533 shares of the company’s stock worth $29,710,000 after acquiring an additional 15,520 shares during the period. Legal & General Group Plc lifted its stake in shares of Dollar Tree by 6.1% in the fourth quarter. Legal & General Group Plc now owns 1,235,277 shares of the company’s stock worth $111,503,000 after acquiring an additional 70,985 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in shares of Dollar Tree by 71.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 898,629 shares of the company’s stock worth $81,166,000 after acquiring an additional 373,968 shares during the period. 92.24% of the stock is currently owned by institutional investors.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores in the United States and Canada. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.

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Earnings History and Estimates for Dollar Tree (NASDAQ:DLTR)

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