Brokerages Anticipate Dollar General Corp. (DG) Will Post Earnings of $1.46 Per Share
Analysts forecast that Dollar General Corp. (NYSE:DG) will announce earnings per share of $1.46 for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Dollar General’s earnings, with the lowest EPS estimate coming in at $1.42 and the highest estimate coming in at $1.51. Dollar General posted earnings per share of $1.49 in the same quarter last year, which would indicate a negative year over year growth rate of 2%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 15th.
According to Zacks, analysts expect that Dollar General will report full-year earnings of $4.49 per share for the current financial year, with EPS estimates ranging from $4.45 to $4.56. For the next financial year, analysts expect that the company will report earnings of $5.23 per share, with EPS estimates ranging from $4.90 to $5.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Dollar General.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.80 billion. Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share.
In other news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $2,097,320.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael J. Kindy sold 7,536 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.64, for a total value of $683,063.04. Following the transaction, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,916 shares of company stock worth $1,924,881. Insiders own 0.22% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $446,000. Acadian Asset Management LLC purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $607,000. Schwab Charles Investment Management Inc. lifted its position in shares of Dollar General by 3.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,026,424 shares of the company’s stock valued at $95,468,000 after buying an additional 31,076 shares in the last quarter. Burns J W & Co. Inc. NY purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $207,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Dollar General by 104.9% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,153 shares of the company’s stock valued at $200,000 after buying an additional 1,102 shares in the last quarter. Hedge funds and other institutional investors own 90.37% of the company’s stock.
Dollar General (NYSE DG) traded up $2.06 on Thursday, hitting $100.50. 2,553,500 shares of the stock traded hands, compared to its average volume of 2,359,736. Dollar General has a 12-month low of $65.97 and a 12-month high of $101.07. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $27,360.00, a P/E ratio of 22.28, a P/E/G ratio of 1.94 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.04 annualized dividend and a yield of 1.03%. Dollar General’s dividend payout ratio is presently 23.06%.
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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