Analysts expect Dollar General Corp. (NYSE:DG) to report sales of $6.62 billion for the current quarter, according to Zacks Investment Research. Twenty Three analysts have provided estimates for Dollar General’s earnings. The lowest sales estimate is $6.53 billion and the highest is $6.68 billion. Dollar General reported sales of $6.13 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8%. The business is expected to announce its next earnings results on Thursday, March 21st.
According to Zacks, analysts expect that Dollar General will report full year sales of $25.57 billion for the current year, with estimates ranging from $25.42 billion to $25.63 billion. For the next fiscal year, analysts forecast that the firm will post sales of $27.49 billion, with estimates ranging from $27.18 billion to $27.78 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Dollar General.
Dollar General (NYSE:DG) last posted its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.38 billion. Dollar General had a net margin of 7.24% and a return on equity of 24.03%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share.
DG has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Thursday, October 4th. Wells Fargo & Co boosted their target price on shares of Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Morgan Stanley boosted their target price on shares of Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, August 31st. UBS Group restated a “buy” rating and set a $120.00 target price (up from $110.00) on shares of Dollar General in a research report on Monday, October 15th. Finally, Buckingham Research boosted their target price on shares of Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Dollar General currently has an average rating of “Buy” and a consensus target price of $107.26.
Several institutional investors have recently modified their holdings of the business. Putnam Investments LLC increased its stake in shares of Dollar General by 0.4% during the third quarter. Putnam Investments LLC now owns 118,358 shares of the company’s stock worth $12,936,000 after purchasing an additional 485 shares in the last quarter. Legacy Capital Partners Inc. increased its stake in shares of Dollar General by 23.3% during the third quarter. Legacy Capital Partners Inc. now owns 2,650 shares of the company’s stock worth $290,000 after purchasing an additional 500 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Dollar General by 3.3% during the third quarter. Louisiana State Employees Retirement System now owns 15,500 shares of the company’s stock worth $1,694,000 after purchasing an additional 500 shares in the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Dollar General by 9.2% during the second quarter. Greenwood Capital Associates LLC now owns 6,065 shares of the company’s stock worth $598,000 after purchasing an additional 509 shares in the last quarter. Finally, Strs Ohio increased its stake in shares of Dollar General by 2.2% during the third quarter. Strs Ohio now owns 24,110 shares of the company’s stock worth $2,635,000 after purchasing an additional 512 shares in the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.
NYSE DG opened at $102.70 on Friday. The firm has a market cap of $27.37 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.84. Dollar General has a 1 year low of $85.54 and a 1 year high of $118.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.21.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.13%. Dollar General’s dividend payout ratio (DPR) is currently 25.84%.
Dollar General Company Profile
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
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