Dollar General (DG) Updates FY18 Earnings Guidance
Dollar General (NYSE:DG) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.37-4.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.54.
Dollar General (NYSE DG) opened at $90.85 on Thursday. Dollar General has a one year low of $65.97 and a one year high of $92.11. The firm has a market cap of $24,694.42, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period in the prior year, the business posted $0.89 EPS. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis. equities research analysts expect that Dollar General will post 4.5 EPS for the current fiscal year.
DG has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a hold rating on shares of Dollar General in a research note on Wednesday, September 27th. UBS reissued a buy rating and set a $99.00 price target (up previously from $85.00) on shares of Dollar General in a research report on Monday. Moffett Nathanson started coverage on shares of Dollar General in a research report on Monday. They set a neutral rating for the company. BidaskClub raised shares of Dollar General from a hold rating to a buy rating in a research report on Friday, August 25th. Finally, Deutsche Bank reissued a hold rating and set a $79.00 price target on shares of Dollar General in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $82.93.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.
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About Dollar General
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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