Analysts predict that Dollar General Co. (NYSE:DG – Get Rating) will announce $9.28 billion in sales for the current quarter, Zacks reports. Twenty Four analysts have provided estimates for Dollar General’s earnings. The highest sales estimate is $9.49 billion and the lowest is $8.99 billion. Dollar General posted sales of $8.65 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.3%. The business is scheduled to announce its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Dollar General will report full-year sales of $37.49 billion for the current fiscal year, with estimates ranging from $37.28 billion to $37.78 billion. For the next fiscal year, analysts forecast that the firm will post sales of $39.65 billion, with estimates ranging from $38.64 billion to $40.47 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Dollar General.
Dollar General (NYSE:DG – Get Rating) last announced its quarterly earnings results on Thursday, May 26th. The company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.71 billion. During the same quarter in the previous year, the business posted $2.82 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis.
Dollar General stock opened at $228.38 on Friday. The business has a 50-day simple moving average of $231.45 and a two-hundred day simple moving average of $221.50. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67. Dollar General has a 52-week low of $183.25 and a 52-week high of $262.20. The company has a market cap of $52.25 billion, a P/E ratio of 22.48, a P/E/G ratio of 1.53 and a beta of 0.52.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.96%. The ex-dividend date is Friday, July 1st. Dollar General’s dividend payout ratio (DPR) is currently 21.65%.
In other Dollar General news, CAO Anita C. Elliott sold 7,502 shares of the company’s stock in a transaction that occurred on Wednesday, April 6th. The stock was sold at an average price of $235.70, for a total value of $1,768,221.40. Following the sale, the chief accounting officer now owns 16,279 shares in the company, valued at approximately $3,836,960.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction dated Thursday, March 24th. The shares were sold at an average price of $220.20, for a total value of $2,205,523.20. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Dollar General by 31.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,491 shares of the company’s stock valued at $555,000 after acquiring an additional 596 shares during the last quarter. L.M. Kohn & Company acquired a new position in shares of Dollar General during the 1st quarter worth approximately $519,000. Carlson Capital Management boosted its position in shares of Dollar General by 8.8% during the 1st quarter. Carlson Capital Management now owns 951 shares of the company’s stock worth $212,000 after acquiring an additional 77 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Dollar General by 62.9% during the first quarter. Neuberger Berman Group LLC now owns 49,595 shares of the company’s stock valued at $11,042,000 after acquiring an additional 19,152 shares during the last quarter. Finally, Quilter Plc grew its holdings in Dollar General by 3.9% in the first quarter. Quilter Plc now owns 110,876 shares of the company’s stock worth $24,684,000 after purchasing an additional 4,119 shares during the period. Hedge funds and other institutional investors own 94.86% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Dollar General (DG)
- These Are the Three (3) Most Upgraded Stocks For Q2
- MarketBeat: Week in Review 5/23 – 5/27
- Short Sellers Provide Entry Into Hibbet, Inc At Rock Bottom Prices
- Affirm Stock Has Affirmed a Bottom
- Airbnb: Bold Competitive Threats & A New World of Travel
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.