Dollar Tree, Inc. (NASDAQ:DLTR) Expected to Announce Earnings of $0.86 Per Share

Wall Street analysts expect Dollar Tree, Inc. (NASDAQ:DLTR) to report earnings of $0.86 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for Dollar Tree’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.69. Dollar Tree posted earnings of $1.15 per share in the same quarter last year, which would suggest a negative year over year growth rate of 25.2%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, August 29th.

On average, analysts expect that Dollar Tree will report full-year earnings of $5.16 per share for the current year, with EPS estimates ranging from $4.99 to $5.38. For the next fiscal year, analysts forecast that the company will report earnings of $5.92 per share, with EPS estimates ranging from $5.63 to $6.03. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, May 30th. The company reported $1.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.14. Dollar Tree had a negative net margin of 6.43% and a positive return on equity of 19.13%. The firm had revenue of $5.81 billion for the quarter, compared to the consensus estimate of $5.78 billion. During the same period in the previous year, the company earned $1.19 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

Several equities analysts recently commented on the stock. ValuEngine downgraded shares of Dollar Tree from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Piper Jaffray Companies increased their price objective on shares of Dollar Tree from $113.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Zacks Investment Research downgraded shares of Dollar Tree from a “hold” rating to a “sell” rating and set a $107.00 price objective on the stock. in a research note on Thursday, August 1st. Credit Suisse Group increased their price objective on shares of Dollar Tree from $112.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. upgraded shares of Dollar Tree from a “neutral” rating to an “overweight” rating and set a $122.00 price objective on the stock in a research note on Tuesday, June 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $103.93.

Shares of DLTR stock traded up $0.57 on Friday, hitting $93.71. The company’s stock had a trading volume of 1,504,700 shares, compared to its average volume of 2,273,344. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.23 and a current ratio of 1.07. The stock’s 50 day moving average is $103.78 and its 200-day moving average is $103.11. Dollar Tree has a fifty-two week low of $78.78 and a fifty-two week high of $113.38. The company has a market capitalization of $22.14 billion, a PE ratio of 17.19, a PEG ratio of 1.81 and a beta of 0.52.

In related news, Director Thomas A. Saunders sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $112.37, for a total value of $112,370.00. Following the completion of the transaction, the director now owns 2,379,315 shares in the company, valued at approximately $267,363,626.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas A. Saunders sold 14,530 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $111.85, for a total transaction of $1,625,180.50. Following the completion of the transaction, the director now owns 2,391,704 shares of the company’s stock, valued at approximately $267,512,092.40. The disclosure for this sale can be found here. Insiders sold 75,789 shares of company stock valued at $8,203,018 in the last three months. Company insiders own 1.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of DLTR. Patriot Financial Group Insurance Agency LLC raised its holdings in Dollar Tree by 1,394.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 269 shares of the company’s stock valued at $29,000 after buying an additional 251 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in Dollar Tree by 47.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 302 shares of the company’s stock valued at $32,000 after buying an additional 97 shares during the last quarter. Berman Capital Advisors LLC raised its holdings in Dollar Tree by 52.5% in the 1st quarter. Berman Capital Advisors LLC now owns 305 shares of the company’s stock valued at $32,000 after buying an additional 105 shares during the last quarter. Coastal Investment Advisors Inc. raised its holdings in Dollar Tree by 1,515.0% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 323 shares of the company’s stock valued at $34,000 after buying an additional 303 shares during the last quarter. Finally, CSat Investment Advisory L.P. raised its holdings in Dollar Tree by 214.7% in the 2nd quarter. CSat Investment Advisory L.P. now owns 365 shares of the company’s stock valued at $39,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 94.21% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc operates discount variety retail stores. 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, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that 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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