Brokerages predict that Dollar General Corp. (NYSE:DG) will post $0.94 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Dollar General’s earnings. The lowest EPS estimate is $0.91 and the highest is $0.97. Dollar General posted earnings of $0.89 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5.6%. The company is scheduled to issue its next quarterly earnings report before the market opens on Thursday, December 7th.
According to Zacks, analysts expect that Dollar General will report full-year earnings of $4.50 per share for the current fiscal year, with EPS estimates ranging from $4.45 to $4.55. For the next fiscal year, analysts forecast that the company will post earnings of $4.98 per share, with EPS estimates ranging from $4.85 to $5.14. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Dollar General.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. The business had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.08 earnings per share.
Several equities analysts have recently weighed in on DG shares. BMO Capital Markets restated a “hold” rating on shares of Dollar General in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Dollar General from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Deutsche Bank AG reiterated a “hold” rating and set a $79.00 price objective on shares of Dollar General in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Dollar General from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Loop Capital reiterated a “hold” rating and set a $76.00 price objective on shares of Dollar General in a research note on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. Dollar General has an average rating of “Hold” and a consensus target price of $81.54.
Shares of Dollar General (NYSE:DG) traded up $0.07 on Monday, hitting $86.35. 2,869,965 shares of the stock traded hands, compared to its average volume of 2,829,822. The company has a market capitalization of $23,580.00, a price-to-earnings ratio of 19.13, a PEG ratio of 1.70 and a beta of 0.93. Dollar General has a 52 week low of $65.97 and a 52 week high of $88.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.
In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $1,740,046. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Dollar General by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock valued at $1,269,909,000 after purchasing an additional 315,589 shares during the period. Longview Partners Guernsey LTD boosted its holdings in Dollar General by 41.3% during the 3rd quarter. Longview Partners Guernsey LTD now owns 11,321,660 shares of the company’s stock worth $917,621,000 after acquiring an additional 3,310,168 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in Dollar General by 2.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after acquiring an additional 178,400 shares during the last quarter. Capital International Investors boosted its holdings in Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after acquiring an additional 791,600 shares during the last quarter. Finally, FMR LLC boosted its holdings in Dollar General by 29.4% during the 2nd quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after acquiring an additional 1,345,562 shares during the last quarter. 91.82% of the stock is owned by institutional investors.
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About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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