Analysts Anticipate Dollar General Corporation (DG) Will Announce Earnings of $1.08 Per Share
Equities research analysts expect Dollar General Corporation (NYSE:DG) to post earnings per share (EPS) of $1.08 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Dollar General Corporation’s earnings. The lowest EPS estimate is $1.00 and the highest is $1.10. Dollar General Corporation also posted earnings of $1.08 per share in the same quarter last year. The business is expected to report its next quarterly earnings results before the market opens on Thursday, August 24th.
On average, analysts expect that Dollar General Corporation will report full-year earnings of $4.48 per share for the current fiscal year, with EPS estimates ranging from $4.43 to $4.55. For the next fiscal year, analysts forecast that the firm will post earnings of $4.94 per share, with EPS estimates ranging from $4.85 to $5.02. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Dollar General Corporation.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, June 1st. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm had revenue of $5.61 billion during the quarter, compared to analysts’ expectations of $5.59 billion. During the same quarter last year, the business earned $1.03 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.
A number of equities research analysts have weighed in on DG shares. Gordon Haskett raised shares of Dollar General Corporation from a “reduce” rating to an “accumulate” rating in a report on Thursday, June 1st. Johnson Rice raised shares of Dollar General Corporation from an “accumulate” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research raised shares of Dollar General Corporation from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Friday, June 9th. Jefferies Group LLC reissued a “hold” rating and issued a $68.00 price target on shares of Dollar General Corporation in a report on Wednesday, April 19th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $79.00 price target (up from $78.00) on shares of Dollar General Corporation in a report on Saturday, June 3rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Dollar General Corporation presently has a consensus rating of “Hold” and a consensus price target of $80.89.
Shares of Dollar General Corporation (NYSE DG) opened at 74.86 on Monday. The firm has a market cap of $20.53 billion, a PE ratio of 16.93 and a beta of 0.93. Dollar General Corporation has a 52 week low of $65.97 and a 52 week high of $94.75. The company has a 50 day moving average of $71.91 and a 200 day moving average of $72.44.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, July 7th. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
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A number of institutional investors have recently added to or reduced their stakes in DG. Alpha Windward LLC increased its position in Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock worth $129,000 after buying an additional 44 shares in the last quarter. Private Trust Co. NA purchased a new position in Dollar General Corporation during the first quarter worth approximately $497,000. Horrell Capital Management Inc. increased its position in Dollar General Corporation by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,901,000 after buying an additional 100 shares in the last quarter. Horan Capital Management purchased a new position in Dollar General Corporation during the first quarter worth approximately $335,000. Finally, First National Bank of Omaha increased its position in Dollar General Corporation by 2.4% in the first quarter. First National Bank of Omaha now owns 92,722 shares of the company’s stock worth $6,466,000 after buying an additional 2,161 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
Dollar General Corporation Company Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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