Estimates: EPS is expected to fall a penny to $1.01, as sales are seen declining 1% to $7.17 billion.
Advertisement
Dollar General Corporation (NYSE:DG) is plunging today, already trading more than $13.00 below yesterday’s closing price. The company anticipated 66 cents to 72 cents a share in earnings, and revenue between $5.03 billion to $5.12 billion. Adjusted for the impact of Canadian currency fluctuations, the same-store sales increase was 1.1%.
Meanwhile, shares of Dollar General slipped more than 11 percent, after it reported an 0.7 percent uptick in comparable sales. Similarly, its net income rose to $306.52 million, or $1.08 per share, through the fiscal second quarter, which ended July 29.
It happened just after 9 p.m.at the Dollar Tree store located at 661 E 24th Street, according to a news release from the Holland Department of Public Safety.
DLTR expects third-quarter sales to be between $5.02 billion and $5.1 billion, which came up far short of the FactSet consensus of $5.13 billion. Dollar General Corp. fell $16.18, or 17.6 percent, to $75.61. This 60 basis point improvement was the result of lower payroll and operating and corporate expenses, as a percent of sales, partially offset by higher store repairs and maintenance expenses and depreciation expense. The company’s revenue was up 66.0% compared to the same quarter a year ago. 19 Analysts reported that the Price Target for Dollar Tree, Inc. might touch $110 high while the Average Price Target and Low price Target is $97.96 and $76 respectively. The incremental revenue was earned by the sales from Family Dollar stores, which was acquired by Dollar Tree on July 6, 2015. Dollar Tree, Inc. (NASDAQ:DLTR) is -5.00% away from its 52 week high. The general theory behind ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction.
On Wednesday Mylan N.V. (NASDAQ:MYL) share price closed at $43.15. Its six months performance indicated a bullish movement while its yearly performance reflected a positive trend of 10.55%. Year to Date performance value (YTD perf) value is 10.72%. (NASDAQ:DLTR) now have an ABR of 1.81, derived from a total of 16 opinions. Dollar Tree, Inc.’s 50-day average is $95.51 and its two hundred day moving average is $86.23.
It also scores stocks based on how likely it is to move 1% or more during the trade session of the day. MYL market capitalization is 22.92B with 35000 employees. Dollar Tree, Inc. P/E (price to earnings) ratio is 46.59 and Forward P/E ratio of 18.44. The Dollar Tree segment operates discount variety stores offering merchandise at a fixed price.
Analysts give DLTR a mean recommendation of 2.30.
Advertisement
The company shows its Return on Assets (ROA) value of 2.7%.
