Brokers Issue Forecasts for Dollar General Corporation’s Q2 2019 Earnings (DG)
Dollar General Corporation (NYSE:DG) – Analysts at Northcoast Research lifted their Q2 2019 earnings per share estimates for Dollar General Corporation in a report issued on Friday. Northcoast Research analyst N. Mitchell now forecasts that the company will earn $1.22 per share for the quarter, up from their previous forecast of $1.21. Northcoast Research also issued estimates for Dollar General Corporation’s Q3 2019 earnings at $0.99 EPS and Q4 2019 earnings at $1.61 EPS.
Dollar General Corporation (NYSE:DG) last issued its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
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A number of other equities research analysts also recently weighed in on DG. Gordon Haskett started coverage on Dollar General Corporation in a research report on Tuesday, May 9th. They set a “reduce” rating and a $67.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and set a $88.00 price target on shares of Dollar General Corporation in a research report on Wednesday, May 17th. Zacks Investment Research upgraded Dollar General Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 24th. BMO Capital Markets restated a “neutral” rating and set a $85.00 price target (up previously from $76.00) on shares of Dollar General Corporation in a research report on Friday, June 2nd. Finally, Royal Bank Of Canada raised their price target on Dollar General Corporation from $81.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.84.
Shares of Dollar General Corporation (DG) opened at 72.54 on Monday. The company’s 50-day moving average price is $74.57 and its 200-day moving average price is $72.84. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.94.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.43%. Dollar General Corporation’s payout ratio is presently 23.48%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Dollar General Corporation by 4,173.7% in the first quarter. BlackRock Inc. now owns 22,144,062 shares of the company’s stock worth $1,544,106,000 after purchasing an additional 21,625,909 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Dollar General Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 17,615,600 shares of the company’s stock worth $1,269,909,000 after purchasing an additional 315,589 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dollar General Corporation by 20.5% in the first quarter. Bank of New York Mellon Corp now owns 8,215,436 shares of the company’s stock worth $572,863,000 after purchasing an additional 1,398,043 shares during the last quarter. Longview Partners Guernsey LTD bought a new stake in shares of Dollar General Corporation in the second quarter worth about $577,548,000. Finally, FMR LLC grew its stake in shares of Dollar General Corporation by 29.4% in the second quarter. FMR LLC now owns 5,915,175 shares of the company’s stock worth $426,424,000 after purchasing an additional 1,345,562 shares during the last quarter. 90.29% of the stock is currently owned by institutional investors.
About Dollar General Corporation
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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