$1.39 EPS Expected for Dollar General Corp. (DG) This Quarter

Equities analysts expect that Dollar General Corp. (NYSE:DG) will post earnings per share (EPS) of $1.39 for the current quarter, according to Zacks. Twenty Four analysts have made estimates for Dollar General’s earnings, with estimates ranging from $1.33 to $1.43. Dollar General posted earnings per share of $1.36 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, May 30th.

On average, analysts expect that Dollar General will report full-year earnings of $6.42 per share for the current financial year, with EPS estimates ranging from $6.35 to $6.50. For the next year, analysts expect that the business will post earnings of $7.10 per share, with EPS estimates ranging from $6.93 to $7.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.05). Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The business had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year.

Several analysts recently issued reports on the company. Loop Capital upgraded Dollar General from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $152.00 in a research report on Tuesday, April 30th. Morgan Stanley increased their target price on Dollar General from $118.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Bank of America set a $133.00 target price on Dollar General and gave the stock a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on Dollar General from $121.00 to $133.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Zacks Investment Research cut Dollar General from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $122.55.

In other news, EVP Robert D. Ravener sold 78,987 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total value of $9,303,088.86. Following the completion of the sale, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at approximately $7,353,476.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rhonda Taylor sold 16,636 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $119.64, for a total value of $1,990,331.04. Following the completion of the sale, the executive vice president now directly owns 33,513 shares of the company’s stock, valued at $4,009,495.32. The disclosure for this sale can be found here. Insiders sold a total of 143,255 shares of company stock valued at $17,037,351 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Cerebellum GP LLC purchased a new stake in shares of Dollar General in the first quarter worth approximately $321,000. Hendley & Co. Inc. raised its holdings in shares of Dollar General by 4.1% in the first quarter. Hendley & Co. Inc. now owns 28,315 shares of the company’s stock worth $3,378,000 after buying an additional 1,105 shares during the period. Advisory Services Network LLC raised its holdings in shares of Dollar General by 107.3% in the first quarter. Advisory Services Network LLC now owns 3,909 shares of the company’s stock worth $467,000 after buying an additional 2,023 shares during the period. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of Dollar General in the first quarter worth approximately $7,801,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Dollar General in the first quarter worth approximately $410,000. 97.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:DG traded up $2.33 during trading on Thursday, hitting $122.15. 78,893 shares of the company’s stock were exchanged, compared to its average volume of 2,050,810. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. Dollar General has a 52-week low of $86.87 and a 52-week high of $126.84. The stock has a market capitalization of $31.15 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.50 and a beta of 0.72.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, April 8th. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a yield of 1.05%. Dollar General’s dividend payout ratio is presently 21.44%.

Dollar General Company Profile

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