Analysts Expect Dollar Tree, Inc. (NASDAQ:DLTR) Will Post Earnings of $0.95 Per Share

Analysts predict that Dollar Tree, Inc. (NASDAQ:DLTR) will announce earnings per share of $0.95 for the current quarter, Zacks reports. Eight analysts have made estimates for Dollar Tree’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.93. Dollar Tree reported earnings per share of $1.39 during the same quarter last year, which would suggest a negative year-over-year growth rate of 31.7%. The business is expected to report its next earnings report on Tuesday, November 23rd.

According to Zacks, analysts expect that Dollar Tree will report full-year earnings of $5.53 per share for the current year, with EPS estimates ranging from $5.45 to $5.63. For the next fiscal year, analysts anticipate that the company will report earnings of $6.20 per share, with EPS estimates ranging from $5.82 to $6.98. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dollar Tree.

Dollar Tree (NASDAQ:DLTR) last issued its quarterly earnings results on Wednesday, August 25th. The company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.22. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.46 billion. Dollar Tree had a net margin of 5.78% and a return on equity of 20.78%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS.

A number of brokerages have recently weighed in on DLTR. Piper Sandler lowered shares of Dollar Tree from an “overweight” rating to a “neutral” rating and cut their target price for the company from $117.00 to $102.00 in a research note on Thursday, June 24th. UBS Group dropped their price target on shares of Dollar Tree from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, August 27th. Telsey Advisory Group downgraded Dollar Tree from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $125.00 to $102.00 in a research note on Friday, August 27th. Morgan Stanley lowered their price objective on shares of Dollar Tree from $105.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, August 27th. Finally, Barclays dropped their price objective on shares of Dollar Tree from $115.00 to $100.00 and set an “equal weight” rating on the stock in a research note on Friday, August 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $111.69.

Shares of DLTR traded down $0.41 during mid-day trading on Tuesday, reaching $86.46. The company had a trading volume of 114,805 shares, compared to its average volume of 2,337,933. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.26 and a current ratio of 1.25. Dollar Tree has a 1-year low of $84.26 and a 1-year high of $120.37. The company’s 50 day simple moving average is $95.59 and its 200 day simple moving average is $103.36. The company has a market capitalization of $19.45 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 1.56 and a beta of 0.84.

A number of institutional investors have recently modified their holdings of the stock. State Street Corp lifted its stake in shares of Dollar Tree by 0.8% during the second quarter. State Street Corp now owns 9,831,797 shares of the company’s stock worth $978,264,000 after buying an additional 76,862 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Dollar Tree by 2.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 9,507,609 shares of the company’s stock worth $946,007,000 after acquiring an additional 188,343 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Dollar Tree by 20.6% in the second quarter. Macquarie Group Ltd. now owns 7,545,079 shares of the company’s stock valued at $750,736,000 after purchasing an additional 1,288,363 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Dollar Tree by 1.3% in the second quarter. Lazard Asset Management LLC now owns 6,803,713 shares of the company’s stock valued at $676,969,000 after acquiring an additional 86,771 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Dollar Tree by 3.0% in the first quarter. Geode Capital Management LLC now owns 4,144,669 shares of the company’s stock valued at $473,181,000 after buying an additional 118,949 shares in the last quarter. Institutional investors own 87.80% of the company’s stock.

About Dollar Tree

Dollar Tree, Inc owns and operates discount variety stores offering merchandise at the fixed prices. It operates through Dollar Tree and Family Dollar segments. The Dollar Tree segment includes operations under Dollar Tree and Dollar Tree Canada brands, with its distribution centers in the United States and in Canada.

Further Reading: Inflation

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

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