Brokerages Expect Dollar General Corp. (NYSE:DG) Will Post Earnings of $1.38 Per Share
Brokerages expect Dollar General Corp. (NYSE:DG) to report earnings per share of $1.38 for the current fiscal quarter, according to Zacks. Twenty Three analysts have provided estimates for Dollar General’s earnings. The highest EPS estimate is $1.42 and the lowest is $1.35. Dollar General reported earnings of $1.26 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The business is expected to report its next quarterly earnings results on Tuesday, December 3rd.
According to Zacks, analysts expect that Dollar General will report full-year earnings of $6.59 per share for the current year, with EPS estimates ranging from $6.47 to $6.70. For the next fiscal year, analysts expect that the firm will report earnings of $7.34 per share, with EPS estimates ranging from $7.13 to $7.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Dollar General.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.58 by $0.16. The business had revenue of $6.98 billion during the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share.
Dollar General stock traded up $1.09 during trading hours on Friday, reaching $157.10. The stock had a trading volume of 1,740,700 shares, compared to its average volume of 1,956,964. The company has a market cap of $40.38 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 2.22 and a beta of 0.55. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. The business’s 50 day moving average price is $142.40 and its 200-day moving average price is $130.52. Dollar General has a 52 week low of $98.08 and a 52 week high of $162.34.
The firm also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s payout ratio is 21.44%.
Several hedge funds have recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Dollar General by 4.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 48,877 shares of the company’s stock worth $6,606,000 after acquiring an additional 1,908 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of Dollar General during the second quarter worth about $15,476,000. Hancock Whitney Corp purchased a new stake in shares of Dollar General during the second quarter worth about $336,000. Atria Investments LLC grew its stake in shares of Dollar General by 38.5% during the second quarter. Atria Investments LLC now owns 52,410 shares of the company’s stock worth $7,082,000 after acquiring an additional 14,576 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Dollar General by 3.3% during the second quarter. BlackRock Inc. now owns 23,673,230 shares of the company’s stock worth $3,199,675,000 after acquiring an additional 762,969 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.
Dollar General Company Profile
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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