Dollar General Corporation (DG) Expected to Post Quarterly Sales of $5.80 Billion
Equities analysts expect that Dollar General Corporation (NYSE:DG) will announce sales of $5.80 billion for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Dollar General Corporation’s earnings, with estimates ranging from $5.77 billion to $5.85 billion. Dollar General Corporation reported sales of $5.32 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is expected to announce its next earnings results on Thursday, December 7th.
On average, analysts expect that Dollar General Corporation will report full year sales of $5.80 billion for the current financial year, with estimates ranging from $23.32 billion to $23.49 billion. For the next year, analysts anticipate that the company will post sales of $25.23 billion per share, with estimates ranging from $25.01 billion to $25.48 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover Dollar General Corporation.
Dollar General Corporation (NYSE:DG) last announced its quarterly earnings data on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a net margin of 5.38% and a return on equity of 22.67%. The business had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter last year, the firm earned $1.08 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year.
Several analysts have recently weighed in on DG shares. Jefferies Group LLC increased their price target on shares of Dollar General Corporation from $68.00 to $73.00 and gave the company a “hold” rating in a research note on Friday, September 1st. Bank of America Corporation reaffirmed a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research report on Friday, August 25th. BMO Capital Markets set a $85.00 price target on shares of Dollar General Corporation and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Citigroup Inc. upped their price objective on Dollar General Corporation from $87.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded Dollar General Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Wednesday, June 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.79.
In other Dollar General Corporation news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Sun Life Financial INC raised its holdings in shares of Dollar General Corporation by 18,170.0% in the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after purchasing an additional 1,817 shares in the last quarter. Alpha Windward LLC lifted its position in shares of Dollar General Corporation by 3.0% during the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock worth $137,000 after purchasing an additional 56 shares during the last quarter. Huntington National Bank lifted its position in shares of Dollar General Corporation by 4.0% during the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock worth $142,000 after purchasing an additional 75 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Dollar General Corporation by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock worth $146,000 after purchasing an additional 48 shares during the last quarter. Finally, Harbour Capital Advisors LLC lifted its position in shares of Dollar General Corporation by 7,109.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 10,814 shares of the company’s stock worth $150,000 after purchasing an additional 10,664 shares during the last quarter. 90.51% of the stock is currently owned by institutional investors.
Dollar General Corporation (NYSE:DG) opened at 81.90 on Tuesday. Dollar General Corporation has a 1-year low of $65.97 and a 1-year high of $81.92. The company has a market cap of $22.38 billion, a PE ratio of 18.55 and a beta of 0.96. The stock’s 50 day moving average price is $76.71 and its 200-day moving average price is $73.27.
The business 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 dividend of $0.26 per share. The ex-dividend date is Friday, October 6th. This represents a $1.04 annualized dividend and a yield of 1.27%. Dollar General Corporation’s payout ratio is 23.48%.
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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