Wall Street brokerages forecast that Dollar General Corp. (NYSE:DG) will post earnings per share (EPS) of $1.39 for the current quarter, Zacks reports. Twenty Four analysts have provided estimates for Dollar General’s earnings, with estimates ranging from $1.33 to $1.43. Dollar General reported earnings per share of $1.36 during the same quarter last year, which would indicate a positive year over year growth rate of 2.2%. The firm is scheduled to report its next quarterly earnings results before the market opens on Thursday, May 30th.
According to Zacks, analysts expect that Dollar General will report full year earnings of $6.42 per share for the current financial year, with EPS estimates ranging from $6.35 to $6.50. For the next financial year, analysts forecast that the company will report earnings of $7.11 per share, with EPS estimates ranging from $6.93 to $7.35. Zacks’ EPS averages are an average based on a survey of research analysts that cover Dollar General.
Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. Dollar General’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 EPS.
In related news, EVP Rhonda Taylor sold 16,636 shares of Dollar General stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $119.64, for a total transaction of $1,990,331.04. Following the transaction, the executive vice president now owns 33,513 shares of the company’s stock, valued at approximately $4,009,495.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the transaction, the executive vice president now directly owns 62,434 shares in the company, valued at approximately $7,353,476.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,255 shares of company stock valued at $17,037,351. 0.55% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Princeton Global Asset Management LLC bought a new position in Dollar General in the first quarter valued at approximately $220,000. Diversified Trust Co lifted its stake in Dollar General by 5.9% in the first quarter. Diversified Trust Co now owns 10,900 shares of the company’s stock valued at $1,300,000 after buying an additional 608 shares in the last quarter. Cerebellum GP LLC bought a new position in Dollar General in the first quarter valued at approximately $321,000. Hendley & Co. Inc. lifted its stake in Dollar General by 4.1% in the first quarter. Hendley & Co. Inc. now owns 28,315 shares of the company’s stock valued at $3,378,000 after buying an additional 1,105 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Dollar General by 107.3% in the first quarter. Advisory Services Network LLC now owns 3,909 shares of the company’s stock valued at $467,000 after buying an additional 2,023 shares in the last quarter. 96.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of DG stock traded down $1.26 during midday trading on Thursday, reaching $120.79. 45,582 shares of the company traded hands, compared to its average volume of 1,596,924. Dollar General has a 1-year low of $86.87 and a 1-year high of $126.84. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The company has a market cap of $31.35 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.52 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.32 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.28 annualized dividend and a dividend yield of 1.06%. Dollar General’s 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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