$2.32 EPS Expected for Dollar General Co. (NYSE:DG) This Quarter

Analysts forecast that Dollar General Co. (NYSE:DGGet Rating) will post $2.32 earnings per share for the current fiscal quarter, Zacks reports. Twenty Four analysts have made estimates for Dollar General’s earnings, with the lowest EPS estimate coming in at $2.18 and the highest estimate coming in at $2.45. Dollar General posted earnings per share of $2.82 during the same quarter last year, which indicates a negative year over year growth rate of 17.7%. The firm is expected to report its next earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Dollar General will report full-year earnings of $11.41 per share for the current year, with EPS estimates ranging from $10.45 to $11.88. For the next fiscal year, analysts forecast that the firm will post earnings of $12.44 per share, with EPS estimates ranging from $11.10 to $12.85. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Dollar General.

Dollar General (NYSE:DGGet Rating) last released its quarterly earnings results on Thursday, May 26th. The company reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.10. Dollar General had a net margin of 7.01% and a return on equity of 38.64%. The business had revenue of $8.75 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the previous year, the company earned $2.82 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year.

Several analysts have recently issued reports on DG shares. Telsey Advisory Group lowered their price target on shares of Dollar General from $265.00 to $230.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company upped their price objective on shares of Dollar General from $220.00 to $255.00 in a research note on Thursday, March 17th. Loop Capital reaffirmed a “buy” rating on shares of Dollar General in a research note on Friday, May 20th. Raymond James reaffirmed a “buy” rating and issued a $260.00 price objective on shares of Dollar General in a research note on Friday, March 18th. Finally, BMO Capital Markets upped their price target on shares of Dollar General from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, March 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $241.27.

DG stock traded up $24.32 during mid-day trading on Thursday, hitting $219.66. The company had a trading volume of 126,485 shares, compared to its average volume of 2,155,489. The firm has a market cap of $50.25 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 1.53 and a beta of 0.52. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.12 and a current ratio of 1.05. Dollar General has a 12 month low of $183.25 and a 12 month high of $262.20. The stock’s fifty day moving average price is $231.62 and its two-hundred day moving average price is $221.43.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.00%. Dollar General’s dividend payout ratio (DPR) is presently 21.65%.

In other news, CAO Anita C. Elliott sold 7,502 shares of the business’s stock in a transaction on Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total transaction of $1,768,221.40. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $3,836,960.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the business’s stock in a transaction on Thursday, March 24th. The shares were sold at an average price of $220.20, for a total transaction of $2,205,523.20. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DG. Delos Wealth Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter valued at about $25,000. Assetmark Inc. raised its holdings in shares of Dollar General by 335.7% in the third quarter. Assetmark Inc. now owns 122 shares of the company’s stock valued at $26,000 after acquiring an additional 94 shares in the last quarter. FSB Premier Wealth Management Inc. bought a new stake in shares of Dollar General in the fourth quarter valued at about $26,000. TAP Consulting LLC bought a new stake in shares of Dollar General in the fourth quarter valued at about $28,000. Finally, Sandy Cove Advisors LLC bought a new stake in shares of Dollar General in the fourth quarter valued at about $28,000. 94.86% of the stock is owned by hedge funds and other institutional investors.

About Dollar General (Get Rating)

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits 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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