Dollar Tree Stores Inc. (NASDAQ: DLTR), the nation's leading operator of dollar stores, is scheduled to discuss its second-quarter 2009 results tomorrow morning in a conference call at 9:00 AM ET. You can catch the live webcast of the call on the company's website.
In the three months that ended in July 31, Dollar Tree saw the retirement of a long-time board member. Analysts surveyed by Thomson Reuters expect the company to report that its earnings grew 22.2% from a year ago to $0.54 per share. Revenue for the quarter is expected to be 11.2% higher to $1.2 billion, in line with preliminary results. Analysts so far expect the third-quarter results to be about the same. The Chesapeake, Va.-based company has topped earnings expectations in recent quarters, by as much as six cents per share.
The long-term EPS growth forecast is 13.6%, which is better than that of rival Family Dollar Stores Inc. (NYSE: FDO). Dollar Tree's earnings multiple is 15.0x. The First Call consensus recommendation is to buy DLTR; TheStreet.com recently pegged it as a top stock, and Zacks expects a positive surprise.
Dollar Tree shares reached a multiyear high of $48.21 today, after rising about 13% in the past three months.
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Reader Comments (Page 1 of 1)
8-26-2009 @ 8:27AM
Trish said...
Why is no one asking...If this plan is good for us, then why is it not good enough for Congress? Why will they get to keep their plan?