Dollar General Corp. (DG) Expected to Post Quarterly Sales of $6.21 Billion

Analysts forecast that Dollar General Corp. (NYSE:DG) will report sales of $6.21 billion for the current quarter, according to Zacks. Eight analysts have provided estimates for Dollar General’s earnings, with estimates ranging from $6.17 billion to $6.26 billion. Dollar General posted sales of $6.01 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.3%. The business is scheduled to issue its next earnings results on Thursday, March 15th.

According to Zacks, analysts expect that Dollar General will report full-year sales of $6.21 billion for the current fiscal year, with estimates ranging from $23.32 billion to $23.60 billion. For the next financial year, analysts expect that the business will report sales of $25.44 billion per share, with estimates ranging from $25.13 billion to $25.61 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.93 earnings per share (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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 earnings per share.

A number of analysts recently commented on the stock. BMO Capital Markets restated a “hold” rating on shares of Dollar General in a research note on Wednesday, September 27th. Piper Jaffray Companies restated a “buy” rating and set a $85.00 price target on shares of Dollar General in a research note on Friday, September 29th. Royal Bank of Canada restated a “buy” rating and set a $85.00 price target on shares of Dollar General in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a research note on Wednesday, November 1st. Finally, Wells Fargo & Co assumed coverage on shares of Dollar General in a research note on Friday, November 3rd. They set an “underperform” rating and a $72.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.52.

In other news, EVP Robert D. Ravener sold 11,368 shares of the stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total value of $1,055,064.08. Following the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $2,097,320.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anita C. Elliott sold 2,012 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $92.82, for a total transaction of $186,753.84. Following the completion of the transaction, the senior vice president now directly owns 14,969 shares in the company, valued at approximately $1,389,422.58. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 over the last quarter. Corporate insiders own 0.22% of the company’s stock.

Several large investors have recently modified their holdings of the company. Veritable L.P. increased its holdings in shares of Dollar General by 0.7% in the 2nd quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after buying an additional 35 shares during the last quarter. Financial Enhancement Group LLC increased its holdings in shares of Dollar General by 4.1% in the 2nd quarter. Financial Enhancement Group LLC now owns 3,276 shares of the company’s stock worth $236,000 after buying an additional 128 shares during the last quarter. National Asset Management Inc. increased its holdings in shares of Dollar General by 4.7% in the 2nd quarter. National Asset Management Inc. now owns 3,428 shares of the company’s stock worth $250,000 after buying an additional 155 shares during the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of Dollar General by 2.6% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 9,621 shares of the company’s stock worth $692,000 after buying an additional 247 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of Dollar General by 6.0% in the 2nd quarter. MML Investors Services LLC now owns 7,680 shares of the company’s stock worth $554,000 after buying an additional 435 shares during the last quarter. 90.37% of the stock is currently owned by hedge funds and other institutional investors.

Dollar General (NYSE:DG) opened at $101.98 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. The firm has a market cap of $27,436.07, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.03 and a beta of 0.95. Dollar General has a 52 week low of $65.97 and a 52 week high of $102.09.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, January 8th. Dollar General’s dividend payout ratio is presently 23.01%.

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Dollar General 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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Earnings History and Estimates for Dollar General (NYSE:DG)

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