Dollar General Corp. (NYSE:DG) – Research analysts at Jefferies Group upped their Q1 2019 earnings per share (EPS) estimates for shares of Dollar General in a research note issued on Friday. Jefferies Group analyst D. Binder now forecasts that the company will earn $1.37 per share for the quarter, up from their prior forecast of $1.16. Jefferies Group also issued estimates for Dollar General’s Q3 2019 earnings at $1.19 EPS and FY2023 earnings at $8.67 EPS.
Dollar General (NYSE:DG) last released its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.80 billion. Dollar General had a net margin of 5.31% and a return on equity of 22.58%. Dollar General’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share.
Dollar General (NYSE DG) opened at $97.73 on Monday. The firm has a market capitalization of $26,539.91, a price-to-earnings ratio of 21.62, a P/E/G ratio of 1.62 and a beta of 1.00. The company has a current ratio of 1.41, a quick ratio of 0.19 and a debt-to-equity ratio of 0.47. Dollar General has a 52-week low of $65.97 and a 52-week high of $105.82.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were given a $0.26 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Dollar General’s payout ratio is 23.01%.
In other news, SVP Michael J. Kindy sold 7,536 shares of Dollar General stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total value of $683,063.04. Following the sale, the senior vice president now directly owns 7,578 shares of the company’s stock, valued at $686,869.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Ravener sold 11,368 shares of Dollar General stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $92.81, for a total value of $1,055,064.08. Following the completion of the sale, the executive vice president now directly owns 22,598 shares in the company, valued at $2,097,320.38. The disclosure for this sale can be found here. Insiders sold 20,916 shares of company stock worth $1,924,881 over the last 90 days. Company insiders own 0.32% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in Dollar General during the fourth quarter worth approximately $130,000. Calton & Associates Inc. bought a new stake in Dollar General during the fourth quarter worth approximately $144,000. Meeder Asset Management Inc. increased its stake in Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock worth $187,000 after acquiring an additional 2,295 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in Dollar General during the third quarter worth approximately $195,000. Finally, Premia Global Advisors LLC bought a new stake in Dollar General during the fourth quarter worth approximately $195,000. 88.44% of the stock is currently owned by hedge funds and other institutional investors.
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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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