Dollar General (NYSE:DG) Issues FY20 Earnings Guidance
Dollar General (NYSE:DG) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $6.55-6.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.61. Dollar General also updated its FY 2019
Pre-Market guidance to 6.55-6.65 EPS.
A number of analysts recently commented on DG shares. Piper Jaffray Companies lifted their target price on shares of Dollar General from $137.00 to $170.00 and gave the stock an overweight rating in a research note on Friday, August 30th. Sanford C. Bernstein upgraded shares of Dollar General from a market perform rating to an outperform rating in a research note on Wednesday, September 11th. Raymond James set a $180.00 price target on shares of Dollar General and gave the stock a buy rating in a report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $173.00 to $184.00 and gave the stock an overweight rating in a research note on Monday, September 23rd. Finally, KeyCorp set a $180.00 price objective on shares of Dollar General and gave the company a buy rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $162.95.
DG stock opened at $154.72 on Friday. The firm’s fifty day simple moving average is $159.63 and its 200-day simple moving average is $146.85. The company has a market capitalization of $39.87 billion, a P/E ratio of 23.93, a price-to-earnings-growth ratio of 2.10 and a beta of 0.51. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.12 and a quick ratio of 0.12. Dollar General has a 12 month low of $98.08 and a 12 month high of $166.98.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.83%. The ex-dividend date is Monday, January 6th. Dollar General’s dividend payout ratio is currently 21.44%.
About Dollar General
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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