$1.40 EPS Expected for Dollar General (DG) This Quarter

Equities research analysts expect that Dollar General (NYSE:DG) will report $1.40 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Dollar General’s earnings, with estimates ranging from $1.21 to $1.49. Dollar General reported earnings per share of $1.03 during the same quarter last year, which suggests a positive year over year growth rate of 35.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, June 7th.

According to Zacks, analysts expect that Dollar General will report full year earnings of $6.00 per share for the current year, with EPS estimates ranging from $5.19 to $6.18. For the next year, analysts anticipate that the firm will report earnings of $6.62 per share, with EPS estimates ranging from $5.86 to $6.88. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Dollar General.

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Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 15th. The company reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $6.13 billion during the quarter, compared to analyst estimates of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $1.49 EPS.

A number of research analysts recently issued reports on DG shares. Telsey Advisory Group upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $98.00 to $120.00 in a report on Thursday, January 25th. Wolfe Research upgraded shares of Dollar General from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 6th. Oppenheimer started coverage on shares of Dollar General in a report on Wednesday, January 17th. They issued an “outperform” rating and a $112.00 price objective for the company. Finally, Wells Fargo reiterated an “outperform” rating and issued a $113.00 price objective (down previously from $117.00) on shares of Dollar General in a report on Tuesday, February 27th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $96.70.

In other news, SVP Michael J. Kindy sold 8,221 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $93.05, for a total transaction of $764,964.05. Following the completion of the sale, the senior vice president now owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anita C. Elliott sold 1,892 shares of the firm’s stock in a transaction that occurred on Tuesday, April 10th. The stock was sold at an average price of $95.75, for a total transaction of $181,159.00. Following the sale, the chief accounting officer now directly owns 14,313 shares of the company’s stock, valued at approximately $1,370,469.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,987 shares of company stock valued at $1,939,645. Insiders own 0.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. SPC Financial Inc. grew its position in Dollar General by 4.7% in the 4th quarter. SPC Financial Inc. now owns 11,385 shares of the company’s stock valued at $1,059,000 after purchasing an additional 510 shares during the period. Horrell Capital Management Inc. grew its position in Dollar General by 2.0% in the 4th quarter. Horrell Capital Management Inc. now owns 28,641 shares of the company’s stock valued at $2,664,000 after purchasing an additional 571 shares during the period. Penserra Capital Management LLC grew its position in Dollar General by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 3,640 shares of the company’s stock valued at $338,000 after purchasing an additional 572 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Dollar General by 26.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,275 shares of the company’s stock valued at $305,000 after purchasing an additional 675 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in Dollar General by 2.8% in the 4th quarter. Mutual of America Capital Management LLC now owns 31,159 shares of the company’s stock valued at $2,898,000 after purchasing an additional 852 shares during the period. 90.94% of the stock is owned by institutional investors.

NYSE DG traded up $0.31 during trading hours on Friday, reaching $100.18. The company’s stock had a trading volume of 2,159,613 shares, compared to its average volume of 2,704,916. The firm has a market cap of $26,360.68, a PE ratio of 22.31, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. Dollar General has a 52 week low of $65.97 and a 52 week high of $105.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.43 and a quick ratio of 0.22.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Tuesday, April 10th will be given a dividend of $0.29 per share. This is an increase from Dollar General’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.16 annualized dividend and a dividend yield of 1.16%. Dollar General’s dividend payout ratio (DPR) is 25.84%.

Dollar General announced that its Board of Directors has approved a stock repurchase program on Thursday, March 15th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.

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

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