Dollar General (NYSE:DG) Releases Earnings Results, Beats Expectations By $0.08 EPS

Dollar General (NYSE:DGGet Free Report) released its quarterly earnings data on Thursday. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08, RTT News reports. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period last year, the business earned $2.34 earnings per share. Dollar General’s revenue was up 6.1% compared to the same quarter last year.

Dollar General Stock Performance

NYSE:DG opened at $136.91 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.15 and a current ratio of 1.22. The stock has a 50-day simple moving average of $145.14 and a two-hundred day simple moving average of $139.73. The firm has a market capitalization of $30.11 billion, a PE ratio of 19.93, a P/E/G ratio of 2.71 and a beta of 0.44. Dollar General has a 52-week low of $101.09 and a 52-week high of $204.67.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.72%. Dollar General’s dividend payout ratio is currently 34.35%.

Wall Street Analyst Weigh In

Several research firms recently commented on DG. Truist Financial reduced their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday. Piper Sandler lowered their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley raised their price objective on shares of Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. cut their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a report on Friday. Finally, Wells Fargo & Company upped their price objective on shares of Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a research note on Friday, March 15th. Fifteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $151.48.

View Our Latest Research Report on DG

Insider Activity

In other Dollar General news, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About Dollar General

(Get Free Report)

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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Earnings History for Dollar General (NYSE:DG)

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