Dollar Tree, Inc. (DLTR) Releases Q3 Earnings Guidance
Dollar Tree, Inc. (NASDAQ:DLTR) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.61-0.66 for the period, compared to the Thomson Reuters consensus estimate of $0.65, American Banking News reports. The company issued revenue guidance of $2.02-2.07 billion, compared to the consensus revenue estimate of $2.05 billion.Dollar Tree also updated its FY15 guidance to $2.96-3.08 EPS.
A number of analysts have recently weighed in on DLTR shares. 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 research 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. The stock currently has a consensus rating of Buy and a consensus target price of $62.46.
Dollar Tree, Inc. (NASDAQ:DLTR) opened at 55.00 on Thursday. Dollar Tree, Inc. has a 1-year low of $49.59 and a 1-year high of $60.19. The stock has a 50-day moving average of $54. and a 200-day moving average of $53.24. The company has a market cap of $11.375 billion and a P/E ratio of 19.61.
Dollar Tree (NASDAQ:DLTR) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the company posted $0.56 earnings per share. Dollar Tree’s revenue was up 9.5% compared to the same quarter last year. On average, analysts predict that Dollar Tree, Inc. will post $3.13 earnings per share for the current fiscal year.
Dollar Tree, Inc (NASDAQ:DLTR) is an operator of discount variety stores offering merchandise at the fixed price.
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