Dollar General Corp. Forecasted to Post Q3 2017 Earnings of $0.92 Per Share (DG)
Dollar General Corp. (NYSE:DG) – KeyCorp issued their Q3 2017 earnings per share estimates for Dollar General Corp. in a report released on Wednesday. KeyCorp analyst B. Thomas anticipates that the brokerage will post earnings per share of $0.92 for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Dollar General Corp.’s Q4 2017 earnings at $1.48 EPS, FY2017 earnings at $4.51 EPS and FY2018 earnings at $4.83 EPS.
Dollar General Corp. (NYSE:DG) last posted its quarterly earnings data on Thursday, August 25th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corp. had a net margin of 5.86% and a return on equity of 22.95%. The company had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same quarter last year, the company earned $0.95 EPS. The business’s revenue was up 5.7% compared to the same quarter last year.
Several other research firms also recently weighed in on DG. Jefferies Group downgraded Dollar General Corp. from a “buy” rating to a “hold” rating and dropped their target price for the company from $101.00 to $96.00 in a research report on Monday, August 15th. They noted that the move was a valuation call. Morgan Stanley reaffirmed a “buy” rating and issued a $97.00 target price on shares of Dollar General Corp. in a research report on Sunday, August 28th. MKM Partners reaffirmed a “buy” rating and issued a $97.00 target price on shares of Dollar General Corp. in a research report on Thursday, August 25th. Zacks Investment Research downgraded Dollar General Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 29th. Finally, Citigroup Inc. lifted their price objective on Dollar General Corp. from $89.00 to $107.00 and gave the company a “buy” rating in a research note on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Dollar General Corp. currently has an average rating of “Buy” and an average price target of $89.42.
Shares of Dollar General Corp. (NYSE:DG) traded down 0.32% during trading on Friday, reaching $69.13. 1,446,577 shares of the company traded hands. The company has a market capitalization of $19.48 billion, a price-to-earnings ratio of 16.17 and a beta of 0.74. Dollar General Corp. has a 1-year low of $59.75 and a 1-year high of $96.88. The stock’s 50 day moving average is $71.45 and its 200 day moving average is $84.43.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. Dollar General Corp.’s payout ratio is 23.42%.
In related news, Director William C. Rhodes III acquired 5,000 shares of Dollar General Corp. stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $76.30 per share, for a total transaction of $381,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael M. Calbert acquired 13,000 shares of Dollar General Corp. stock in a transaction dated Tuesday, August 30th. The stock was bought at an average price of $75.53 per share, for a total transaction of $981,890.00. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
Several hedge funds have recently modified their holdings of DG. Pacer Advisors Inc. increased its stake in shares of Dollar General Corp. by 7.8% in the second quarter. Pacer Advisors Inc. now owns 1,124 shares of the company’s stock valued at $106,000 after buying an additional 81 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Dollar General Corp. by 45.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,865 shares of the company’s stock valued at $175,000 after buying an additional 579 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Dollar General Corp. during the second quarter valued at about $200,000. Burns J W & Co. Inc. NY bought a new stake in shares of Dollar General Corp. during the second quarter valued at about $203,000. Finally, Nuveen Fund Advisors LLC bought a new stake in shares of Dollar General Corp. during the second quarter valued at about $205,000. Institutional investors and hedge funds own 85.44% of the company’s stock.
Dollar General Corp. Company Profile
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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