Dollar Tree (DLTR) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS
Dollar Tree (NASDAQ:DLTR) announced its earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.03, Analyst RN reports. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.01 billion.
Shares of Dollar Tree (NASDAQ:DLTR) opened at 55.00 on Thursday. Dollar Tree has a one year low of $49.59 and a one year high of $60.19. The stock’s 50-day moving average is $54. and its 200-day moving average is $53.24. The company has a market cap of $11.375 billion and a price-to-earnings ratio of 19.50.
A number of research firms have recently commented on DLTR. Analysts at Bank of America upgraded shares of Dollar Tree from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $71.00 price target on the stock. On a related note, analysts at MKM Partners reiterated a “buy” rating on shares of Dollar Tree in a research note on Wednesday, July 30th. They now have a $74.50 price target on the stock. Finally, analysts at Johnson Rice downgraded shares of Dollar Tree from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 29th. Six investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Dollar Tree currently has an average rating of “Buy” and an average price target of $62.46.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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