Dollar General (DG) Releases Earnings Results, Misses Estimates By $0.04 EPS

Dollar General (NYSE:DG) issued its earnings results on Thursday. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.04), MarketWatch Earnings reports. Dollar General had a return on equity of 21.65% and a net margin of 6.55%. The firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter in the prior year, the business earned $1.03 earnings per share. Dollar General’s revenue for the quarter was up 9.0% on a year-over-year basis. Dollar General updated its FY19 guidance to $5.95-6.15 EPS.

Shares of Dollar General opened at $90.90 on Thursday, MarketBeat.com reports. Dollar General has a 1 year low of $65.97 and a 1 year high of $105.82. The firm has a market cap of $26.14 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. The company has a quick ratio of 0.22, a current ratio of 1.43 and a debt-to-equity ratio of 0.43.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 24th. Stockholders of record on Tuesday, July 10th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.28%. Dollar General’s dividend payout ratio is presently 25.84%.

A number of equities analysts recently issued reports on DG shares. Moffett Nathanson cut Dollar General from a “neutral” rating to a “sell” rating in a report on Friday, May 11th. ValuEngine cut Dollar General from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Loop Capital increased their target price on Dollar General from $87.00 to $97.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. They noted that the move was a valuation call. Raymond James reissued an “outperform” rating and issued a $105.00 price target (down from $110.00) on shares of Dollar General in a research report on Monday, April 16th. Finally, Morgan Stanley set a $121.00 price target on Dollar General and gave the company a “buy” rating in a research report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $98.57.

Dollar General announced that its Board of Directors has initiated a stock repurchase plan on Thursday, March 15th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

In related news, CAO Anita C. Elliott sold 1,892 shares of Dollar General stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $95.75, for a total value of $181,159.00. Following the completion of the sale, the chief accounting officer now owns 14,313 shares of the company’s stock, valued at approximately $1,370,469.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Michael J. Kindy sold 8,221 shares of Dollar General stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $93.05, for a total value of $764,964.05. Following the completion of the sale, the senior vice president now directly owns 9,850 shares of the company’s stock, valued at approximately $916,542.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,987 shares of company stock valued at $2,242,255. Insiders own 0.41% 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.

Earnings History for Dollar General (NYSE:DG)

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