Equities analysts predict that Dollar General Corp. (NYSE:DG) will post sales of $6.89 billion for the current quarter, Zacks Investment Research reports. Twenty Three analysts have made estimates for Dollar General’s earnings, with the highest sales estimate coming in at $6.93 billion and the lowest estimate coming in at $6.84 billion. Dollar General reported sales of $6.44 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The company is expected to report its next earnings results on Thursday, August 29th.
According to Zacks, analysts expect that Dollar General will report full-year sales of $27.51 billion for the current year, with estimates ranging from $27.39 billion to $27.65 billion. For the next fiscal year, analysts forecast that the company will post sales of $29.53 billion, with estimates ranging from $29.24 billion to $29.89 billion. Zacks’ sales calculations are an 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, May 30th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.09. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.57 billion. Dollar General had a net margin of 6.16% and a return on equity of 25.03%. Dollar General’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.36 earnings per share.
Shares of DG stock traded down $0.27 during trading hours on Monday, hitting $135.69. 1,239,375 shares of the company’s stock were exchanged, compared to its average volume of 1,944,781. The company has a market capitalization of $35.12 billion, a PE ratio of 22.73, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. Dollar General has a 12-month low of $95.92 and a 12-month high of $137.35. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.12 and a current ratio of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, July 8th. Dollar General’s dividend payout ratio (DPR) is currently 21.44%.
In related news, EVP Robert D. Ravener sold 78,987 shares of Dollar General stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $117.78, for a total value of $9,303,088.86. Following the sale, the executive vice president now owns 62,434 shares in the company, valued at $7,353,476.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Robert D. Ravener sold 38,659 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $119.84, for a total transaction of $4,632,894.56. Following the completion of the sale, the executive vice president now owns 39,739 shares in the company, valued at approximately $4,762,321.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,255 shares of company stock worth $17,037,351. 0.55% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its position in Dollar General by 2.0% during the third quarter. Vanguard Group Inc now owns 19,201,573 shares of the company’s stock valued at $2,098,732,000 after buying an additional 370,008 shares during the period. Advisors Asset Management Inc. lifted its position in Dollar General by 10.5% during the fourth quarter. Advisors Asset Management Inc. now owns 4,508 shares of the company’s stock valued at $487,000 after buying an additional 430 shares during the period. Dupont Capital Management Corp lifted its position in Dollar General by 34.7% during the fourth quarter. Dupont Capital Management Corp now owns 3,062 shares of the company’s stock valued at $331,000 after buying an additional 789 shares during the period. LS Investment Advisors LLC lifted its position in Dollar General by 7.3% during the fourth quarter. LS Investment Advisors LLC now owns 6,304 shares of the company’s stock valued at $681,000 after buying an additional 430 shares during the period. Finally, Buckingham Capital Management Inc. lifted its position in Dollar General by 7.4% during the fourth quarter. Buckingham Capital Management Inc. now owns 42,081 shares of the company’s stock valued at $4,548,000 after buying an additional 2,886 shares during the period. Institutional investors and hedge funds own 95.15% of the company’s stock.
About Dollar General
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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