Wall Street analysts forecast that Dollar General Corp. (NYSE:DG) will post $6.89 billion in sales for the current fiscal quarter, according to Zacks. Twenty Three analysts have provided estimates for Dollar General’s earnings. The lowest sales estimate is $6.84 billion and the highest is $6.93 billion. Dollar General posted sales of $6.44 billion during the same quarter last year, which suggests a positive year over year growth rate of 7%. The company is expected to issue its next quarterly earnings report on Thursday, August 29th.
On average, analysts expect that Dollar General will report full year sales of $27.52 billion for the current year, with estimates ranging from $27.39 billion to $27.65 billion. For the next fiscal year, analysts expect that the business will report sales of $29.54 billion, with estimates ranging from $29.24 billion to $29.89 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Dollar General.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.57 billion. During the same quarter in the prior year, the business posted $1.36 EPS. Dollar General’s revenue for the quarter was up 8.3% compared to the same quarter last year.
DG stock traded down $0.18 during trading on Friday, reaching $134.02. The company’s stock had a trading volume of 1,315,020 shares, compared to its average volume of 1,953,188. Dollar General has a 1 year low of $96.37 and a 1 year high of $145.06. The company has a quick ratio of 0.12, a current ratio of 1.16 and a debt-to-equity ratio of 1.52. The firm has a market cap of $34.65 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.95 and a beta of 0.68. The company has a fifty day moving average price of $138.38.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a $0.32 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.28 annualized dividend and a yield of 0.96%. Dollar General’s dividend payout ratio is currently 21.44%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weatherly Asset Management L. P. grew its position in Dollar General by 3.1% in the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock worth $353,000 after acquiring an additional 79 shares in the last quarter. Squar Milner Financial Services LLC grew its position in Dollar General by 73.0% in the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Huntington National Bank grew its position in Dollar General by 6.6% in the second quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $206,000 after acquiring an additional 95 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Dollar General by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $1,658,000 after acquiring an additional 100 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in Dollar General by 0.3% in the first quarter. Commonwealth Bank of Australia now owns 34,024 shares of the company’s stock worth $4,052,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 95.39% 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.
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