Dollar General (DG) Expected to Post Earnings of $1.39 Per Share

Equities analysts forecast that Dollar General (NYSE:DG) will post $1.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Dollar General’s earnings, with estimates ranging from $1.21 to $1.49. Dollar General posted earnings of $1.03 per share during the same quarter last year, which suggests a positive year over year growth rate of 35%. The business is scheduled to issue its next quarterly earnings report on Thursday, June 7th.

On average, analysts expect that Dollar General will report full year earnings of $6.01 per share for the current fiscal year, with EPS estimates ranging from $5.19 to $6.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $6.62 per share, with EPS estimates ranging from $5.86 to $6.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Dollar General.

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Dollar General (NYSE:DG) last announced its earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm had revenue of $6.13 billion for the quarter, compared to the consensus estimate of $6.20 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The company’s revenue was up 2.0% compared to the same quarter last year.

DG has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Dollar General from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Telsey Advisory Group upgraded Dollar General from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $98.00 to $120.00 in a research note on Thursday, January 25th. Wolfe Research upgraded Dollar General from an “underperform” rating to an “outperform” rating in a research note on Wednesday, December 20th. Deutsche Bank lifted their price target on shares of Dollar General to $97.00 and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, BMO Capital Markets set a $102.00 price target on shares of Dollar General and gave the stock a “hold” rating in a report on Friday, December 8th. Twelve equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and an average price target of $98.00.

Shares of NYSE DG traded up $0.61 during midday trading on Tuesday, reaching $93.55. The company’s stock had a trading volume of 2,363,847 shares, compared to its average volume of 3,538,414. Dollar General has a 12-month low of $65.97 and a 12-month high of $105.82. The company has a market capitalization of $25,404.81, a PE ratio of 20.84, a PEG ratio of 1.06 and a beta of 1.05. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43.

Dollar General announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 15th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be issued a dividend of $0.29 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.24%. Dollar General’s payout ratio is presently 23.16%.

In other Dollar General news, SVP Michael J. Kindy sold 8,221 shares of the business’s stock in a transaction on Monday, March 26th. The shares were sold at an average price of $93.05, for a total transaction of $764,964.05. Following the sale, the senior vice president now owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of DG. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock valued at $1,314,516,000 after acquiring an additional 10,167,321 shares during the period. Orbis Allan Gray Ltd purchased a new position in shares of Dollar General during the 4th quarter valued at $194,984,000. Capital International Investors grew its position in shares of Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock valued at $520,989,000 after purchasing an additional 791,600 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its position in shares of Dollar General by 39.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,942,230 shares of the company’s stock valued at $180,646,000 after purchasing an additional 553,461 shares in the last quarter. Finally, Jackson Square Partners LLC grew its position in shares of Dollar General by 12.3% during the 3rd quarter. Jackson Square Partners LLC now owns 3,785,080 shares of the company’s stock valued at $306,780,000 after purchasing an additional 415,584 shares in the last quarter. 90.87% of the stock is currently owned by institutional investors and hedge funds.

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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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

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