Brokers Offer Predictions for Dollar General Corp.’s FY2018 Earnings (DG)
Dollar General Corp. (NYSE:DG) – Investment analysts at Jefferies Group reduced their FY2018 earnings per share (EPS) estimates for Dollar General in a report released on Thursday. Jefferies Group analyst D. Binder now anticipates that the company will earn $4.48 per share for the year, down from their previous forecast of $4.53. Jefferies Group currently has a “Hold” rating and a $73.00 target price on the stock. Jefferies Group also issued estimates for Dollar General’s Q4 2018 earnings at $1.44 EPS, Q1 2019 earnings at $1.16 EPS, Q2 2019 earnings at $1.20 EPS, Q3 2019 earnings at $1.00 EPS, Q4 2019 earnings at $1.55 EPS, FY2019 earnings at $4.92 EPS, FY2020 earnings at $5.24 EPS and FY2021 earnings at $5.67 EPS.
Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter last year, the business earned $0.89 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis.
Shares of Dollar General (NYSE:DG) opened at $92.74 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.41 and a debt-to-equity ratio of 0.47. Dollar General has a 1-year low of $65.97 and a 1-year high of $96.60. The company has a market cap of $25,358.61, a PE ratio of 20.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.96.
Several hedge funds have recently added to or reduced their stakes in DG. Sun Life Financial INC increased its position in shares of Dollar General by 18,170.0% during the second quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock valued at $132,000 after acquiring an additional 1,817 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Dollar General by 2.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after acquiring an additional 48 shares in the last quarter. Welch Group LLC increased its position in shares of Dollar General by 27.1% during the second quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after acquiring an additional 483 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Dollar General by 22,950.0% during the third quarter. Meeder Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $187,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Dollar General during the third quarter valued at approximately $195,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the completion of the transaction, the executive vice president now directly owns 22,598 shares in the company, valued at $1,740,046. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.26 per share. The ex-dividend date is Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. Dollar General’s payout ratio is 23.01%.
Dollar General 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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