Dollar General Corp. (DG) Posts Quarterly Earnings, Hits Estimates
Dollar General Corp. (NYSE:DG) released its earnings data on Thursday. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.83, American Banking News.com reports. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion.
Dollar General Corp. (NYSE:DG) opened at 63.70 on Thursday. Dollar General Corp. has a 52-week low of $53.00 and a 52-week high of $65.99. The stock’s 50-day moving average is $58.08 and its 200-day moving average is $57.58. The company has a market cap of $19.320 billion and a P/E ratio of 19.70.
A number of analysts have recently weighed in on DG shares. Analysts at Wolfe Research upgraded shares of Dollar General Corp. from a “market perform” rating to an “outperform” rating in a research note on Tuesday, August 19th. On the ratings front, analysts at MKM Partners raised their price target on shares of Dollar General Corp. from $67.00 to $75.00 in a research note on Tuesday, August 19th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Dollar General Corp. from $69.00 to $73.00 in a research note on Tuesday, August 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $69.79.
Dollar General Corporation is a discount retailer in the United States by number of stores, with 9,961 stores located in 39 states as of March 2, 2012, primarily in the southern, southwestern, midwestern and eastern United States.
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