Zacks: Analysts Anticipate Dollar General Corp. (DG) Will Announce Quarterly Sales of $5.80 Billion
Analysts expect Dollar General Corp. (NYSE:DG) to report $5.80 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Dollar General’s earnings, with the highest sales estimate coming in at $5.85 billion and the lowest estimate coming in at $5.79 billion. Dollar General 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 quarterly earnings results before the market opens on Thursday, December 7th.
According to Zacks, analysts expect that Dollar General will report full year sales of $5.80 billion for the current year, with estimates ranging from $23.32 billion to $23.49 billion. For the next financial year, analysts expect that the business will report sales of $25.30 billion per share, with estimates ranging from $25.08 billion to $25.48 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Dollar General.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Dollar General had a net margin of 5.38% and a return on equity of 22.67%. The firm had revenue of $5.83 billion for the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, August 28th. Deutsche Bank reaffirmed a “hold” rating and set a $79.00 price target on shares of Dollar General in a research report on Friday, September 1st. Citigroup upped their price target on shares of Dollar General from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $85.00 price target on shares of Dollar General in a research report on Tuesday, October 10th. Finally, BidaskClub raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.07.
In other Dollar General news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value 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 approximately $1,740,046. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Veritable L.P. raised its holdings in shares of Dollar General by 0.7% during the 2nd quarter. Veritable L.P. now owns 4,803 shares of the company’s stock worth $346,000 after acquiring an additional 35 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Dollar General by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after buying an additional 48 shares during the period. Huntington National Bank raised its holdings in Dollar General by 4.0% during the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the period. Homrich & Berg raised its holdings in Dollar General by 2.2% during the 2nd quarter. Homrich & Berg now owns 4,379 shares of the company’s stock valued at $316,000 after buying an additional 93 shares during the period. Finally, Rothschild Asset Management Inc. raised its holdings in Dollar General by 1.2% during the 2nd quarter. Rothschild Asset Management Inc. now owns 9,483 shares of the company’s stock valued at $684,000 after buying an additional 111 shares during the period. 89.91% of the stock is currently owned by institutional investors and hedge funds.
Dollar General (NYSE:DG) traded down $0.10 on Wednesday, hitting $87.98. The stock had a trading volume of 3,151,832 shares, compared to its average volume of 2,417,330. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. The stock has a market cap of $24,068.65, a price-to-earnings ratio of 19.53, a PEG ratio of 1.74 and a beta of 0.95. Dollar General has a 12-month low of $65.97 and a 12-month high of $89.80.
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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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