Analysts Anticipate Dollar General Corp. (NYSE:DG) Will Post Earnings of $1.58 Per Share

Wall Street analysts expect Dollar General Corp. (NYSE:DG) to announce earnings per share of $1.58 for the current fiscal quarter, Zacks reports. Twenty Three analysts have issued estimates for Dollar General’s earnings, with the lowest EPS estimate coming in at $1.53 and the highest estimate coming in at $1.66. Dollar General reported earnings per share of $1.52 in the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The company is expected to announce its next earnings results on Thursday, August 29th.

According to Zacks, analysts expect that Dollar General will report full-year earnings of $6.47 per share for the current fiscal year, with EPS estimates ranging from $6.40 to $6.52. For the next fiscal year, analysts forecast that the business will post earnings of $7.18 per share, with EPS estimates ranging from $6.98 to $7.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.09. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.57 billion. During the same quarter last year, the company earned $1.36 earnings per share. Dollar General’s revenue for the quarter was up 8.3% on a year-over-year basis.

Several analysts have issued reports on DG shares. KeyCorp reaffirmed an “overweight” rating and issued a $140.00 price objective (up previously from $125.00) on shares of Dollar General in a research report on Friday, May 31st. BMO Capital Markets increased their price objective on shares of Dollar General from $133.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, May 31st. Morgan Stanley raised their price target on shares of Dollar General from $135.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, June 17th. Goldman Sachs Group raised shares of Dollar General from a “neutral” rating to a “buy” rating and raised their price target for the stock from $142.00 to $152.00 in a research report on Thursday, August 8th. Finally, Buckingham Research reissued a “positive” rating and set a $152.00 price target (up previously from $125.00) on shares of Dollar General in a research report on Friday, May 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $134.68.

NYSE:DG traded down $0.04 during trading hours on Thursday, hitting $133.81. The stock had a trading volume of 1,439,021 shares, compared to its average volume of 1,926,879. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52. Dollar General has a 1-year low of $98.08 and a 1-year high of $145.06. The business has a 50 day simple moving average of $137.65 and a two-hundred day simple moving average of $126.52. The company has a market cap of $34.87 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.91 and a beta of 0.67.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.

A number of institutional investors and hedge funds have recently made changes to their positions in DG. FMR LLC lifted its stake in Dollar General by 21.3% during the first quarter. FMR LLC now owns 8,825,495 shares of the company’s stock worth $1,052,882,000 after purchasing an additional 1,550,529 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Dollar General by 816.1% during the second quarter. Nuveen Asset Management LLC now owns 1,482,726 shares of the company’s stock worth $200,405,000 after purchasing an additional 1,320,876 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Dollar General by 19,589.1% during the second quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock worth $108,506,000 after purchasing an additional 1,079,553 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dollar General by 3.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 25,655,326 shares of the company’s stock worth $3,467,574,000 after purchasing an additional 957,133 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Dollar General by 8,563.7% in the second quarter. Renaissance Technologies LLC now owns 788,400 shares of the company’s stock valued at $106,560,000 after buying an additional 779,300 shares during the last quarter. Hedge funds and other institutional investors own 95.32% of the company’s stock.

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.

Read More: Yield Curve

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit