Dollar General Corp. (DG) Releases FY15 Earnings Guidance
Dollar General Corp. (NYSE:DG) updated its FY15 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.45-3.55 for the period, compared to the Thomson Reuters consensus estimate of $3.51, AR Network reports. The company issued revenue guidance of +8-9% to ~$18.9-19.25 billion, compared to the consensus revenue estimate of $19.00 billion.
Shares of Dollar General Corp. (NYSE:DG) opened at 63.70 on Thursday. Dollar General Corp. has a one year low of $53.00 and a one year 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 price-to-earnings ratio of 19.75.
Dollar General Corp. (NYSE:DG) last released its earnings data on Thursday, August 28th. The company reported $0.83 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.83. The company had revenue of $4.72 billion for the quarter, compared to the consensus estimate of $4.77 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. Analysts expect that Dollar General Corp. will post $3.51 EPS for the current fiscal year.
DG has been the subject of a number of recent research reports. 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 a related note, 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 analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus 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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