$1.50 Earnings Per Share Expected for Dollar General Corp. (DG) This Quarter

Analysts predict that Dollar General Corp. (NYSE:DG) will post $1.50 earnings per share (EPS) for the current quarter, Zacks reports. Twenty analysts have made estimates for Dollar General’s earnings. The lowest EPS estimate is $1.40 and the highest is $1.57. Dollar General reported earnings per share of $1.36 during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings results on Thursday, May 30th.

According to Zacks, analysts expect that Dollar General will report full-year earnings of $6.67 per share for the current year, with EPS estimates ranging from $6.43 to $7.05. For the next financial year, analysts forecast that the business will post earnings of $7.34 per share, with EPS estimates ranging from $6.99 to $7.85. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter last year, the company earned $1.48 EPS. Dollar General’s revenue for the quarter was up 8.5% compared to the same quarter last year.

Several equities research analysts have recently commented on the company. BMO Capital Markets upped their price target on Dollar General from $126.00 to $133.00 and gave the stock an “outperform” rating in a research note on Friday. Telsey Advisory Group restated an “outperform” rating and set a $126.00 price target on shares of Dollar General in a research note on Thursday. Citigroup upped their price target on Dollar General from $120.00 to $144.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Oppenheimer upped their price target on Dollar General from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Deutsche Bank cut Dollar General from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have assigned a buy rating to the stock. Dollar General currently has a consensus rating of “Buy” and a consensus price target of $117.61.

Shares of Dollar General stock traded up $2.54 during trading hours on Friday, hitting $114.18. 250,634 shares of the company were exchanged, compared to its average volume of 2,250,119. Dollar General has a 1 year low of $86.87 and a 1 year high of $121.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.22. The stock has a market capitalization of $31.44 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.42 and a beta of 0.71.

In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of the stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total value of $3,627,081.96. Following the completion of the transaction, the executive vice president now owns 33,307 shares in the company, valued at $3,718,060.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc lifted its holdings in shares of Dollar General by 2.0% in the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock worth $2,098,732,000 after buying an additional 370,008 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of Dollar General by 2.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 11,062 shares of the company’s stock valued at $1,196,000 after purchasing an additional 274 shares during the last quarter. Alpha Windward LLC raised its position in shares of Dollar General by 32.3% in the 4th quarter. Alpha Windward LLC now owns 2,485 shares of the company’s stock valued at $269,000 after purchasing an additional 606 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in shares of Dollar General in the 4th quarter valued at approximately $68,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Dollar General by 153.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,569 shares of the company’s stock valued at $493,000 after purchasing an additional 2,769 shares during the last quarter. Hedge funds and other institutional investors own 96.00% of the company’s stock.

About Dollar General

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

Featured Article: Growth Stocks, What They Are, What They Are Not

Get a free copy of the Zacks research report on Dollar General (DG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply