Zacks: Analysts Expect Dollar General Corp. (NYSE:DG) to Announce $1.58 EPS

Equities research analysts forecast that Dollar General Corp. (NYSE:DG) will announce earnings of $1.58 per share for the current quarter, according to Zacks Investment Research. Twenty Three analysts have provided estimates for Dollar General’s earnings, with the highest EPS estimate coming in at $1.66 and the lowest estimate coming in at $1.53. Dollar General posted earnings per share of $1.52 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The company is scheduled to issue its next earnings report on Thursday, August 29th.

On average, analysts expect that Dollar General will report full-year earnings of $6.47 per share for the current financial year, with EPS estimates ranging from $6.40 to $6.52. For the next financial year, analysts forecast that the company will post earnings of $7.18 per share, with EPS estimates ranging from $6.98 to $7.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover Dollar General.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.09. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.57 billion. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.36 earnings per share.

Several research firms have recently weighed in on DG. Morgan Stanley upped their price target on shares of Dollar General from $135.00 to $142.00 and gave the stock an “overweight” rating in a report on Monday, June 17th. Buckingham Research reaffirmed a “positive” rating and issued a $152.00 price target (up previously from $125.00) on shares of Dollar General in a report on Friday, May 31st. Loop Capital raised shares of Dollar General from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $152.00 in a report on Tuesday, April 30th. UBS Group upped their price target on shares of Dollar General from $126.00 to $143.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price target on the stock. in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. Dollar General currently has an average rating of “Buy” and an average target price of $134.68.

Shares of Dollar General stock traded down $0.04 during trading on Thursday, hitting $133.81. The stock had a trading volume of 1,439,021 shares, compared to its average volume of 1,926,879. The firm has a market cap of $34.87 billion, a price-to-earnings ratio of 22.41, a P/E/G ratio of 1.91 and a beta of 0.67. Dollar General has a 12 month low of $98.08 and a 12 month high of $145.06. The business’s 50-day moving average is $137.65 and its 200 day moving average is $126.52. The company has a current ratio of 1.16, a quick ratio of 0.12 and a debt-to-equity ratio of 1.52.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a $0.32 dividend. The ex-dividend date was Monday, July 8th. This represents a $1.28 dividend on an annualized basis and a yield of 0.96%. Dollar General’s dividend payout ratio is presently 21.44%.

A number of hedge funds and other institutional investors have recently bought and sold shares of DG. Comerica Securities Inc. purchased a new position in Dollar General in the 4th quarter worth about $511,000. Geode Capital Management LLC increased its stake in Dollar General by 9.7% in the 4th quarter. Geode Capital Management LLC now owns 3,767,235 shares of the company’s stock worth $406,512,000 after purchasing an additional 334,530 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Dollar General by 0.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the company’s stock worth $1,658,000 after purchasing an additional 100 shares in the last quarter. Sciencast Management LP purchased a new position in Dollar General in the 1st quarter worth about $571,000. Finally, First Command Bank increased its stake in Dollar General by 29.3% in the 1st quarter. First Command Bank now owns 777 shares of the company’s stock worth $93,000 after purchasing an additional 176 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.

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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Earnings History and Estimates for Dollar General (NYSE:DG)

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