Zacks: Brokerages Expect Dollar General Corp. (DG) to Announce $1.87 Earnings Per Share

Wall Street brokerages expect Dollar General Corp. (NYSE:DG) to announce earnings per share of $1.87 for the current quarter, according to Zacks. Twenty Four analysts have made estimates for Dollar General’s earnings. The highest EPS estimate is $1.93 and the lowest is $1.81. Dollar General reported earnings per share of $1.48 during the same quarter last year, which would suggest a positive year over year growth rate of 26.4%. The business is expected to issue its next quarterly earnings results on Thursday, March 21st.

On average, analysts expect that Dollar General will report full-year earnings of $6.01 per share for the current financial year, with EPS estimates ranging from $5.94 to $6.06. For the next year, analysts expect that the business will report earnings of $6.67 per share, with EPS estimates ranging from $6.50 to $6.95. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Dollar General.

Dollar General (NYSE:DG) last released its earnings results on Tuesday, December 4th. The company reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share.

DG has been the topic of a number of recent research reports. Zacks Investment Research raised Dollar General from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Thursday, October 4th. ValuEngine raised Dollar General from a “hold” rating to a “buy” rating in a report on Wednesday, December 26th. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $110.00) on shares of Dollar General in a report on Monday, October 15th. JPMorgan Chase & Co. upped their price objective on Dollar General to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, January 9th. Finally, Wells Fargo & Co upped their price objective on Dollar General from $118.00 to $129.00 and gave the stock an “outperform” rating in a report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Dollar General presently has a consensus rating of “Buy” and a consensus price target of $111.58.

In other Dollar General news, EVP Robert D. Ravener sold 32,492 shares of the business’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares in the company, valued at $3,718,060.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advocacy Wealth Management Services LLC lifted its position in shares of Dollar General by 96.4% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after acquiring an additional 133 shares in the last quarter. Carroll Financial Associates Inc. lifted its position in shares of Dollar General by 70.5% in the fourth quarter. Carroll Financial Associates Inc. now owns 735 shares of the company’s stock valued at $83,000 after acquiring an additional 304 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Dollar General in the fourth quarter valued at $86,000. North Star Investment Management Corp. lifted its position in shares of Dollar General by 28.0% in the fourth quarter. North Star Investment Management Corp. now owns 960 shares of the company’s stock valued at $104,000 after acquiring an additional 210 shares in the last quarter. Finally, Advisors Preferred LLC purchased a new position in Dollar General during the fourth quarter worth about $105,000. Institutional investors own 95.16% of the company’s stock.

NYSE:DG opened at $113.53 on Tuesday. The company has a market capitalization of $29.85 billion, a PE ratio of 25.29, a P/E/G ratio of 1.32 and a beta of 0.76. The company has a current ratio of 1.55, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Dollar General has a 12-month low of $85.54 and a 12-month high of $118.45.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, January 7th. This represents a $1.16 dividend on an annualized basis and a yield of 1.02%. Dollar General’s payout ratio is 25.84%.

About Dollar General

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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