Dollar General Corp. (NYSE:DG) Expected to Post Quarterly Sales of $6.89 Billion

Wall Street brokerages expect that Dollar General Corp. (NYSE:DG) will announce sales of $6.89 billion for the current quarter, according to Zacks Investment Research. Twenty Three analysts have issued estimates for Dollar General’s earnings, with the highest sales estimate coming in at $7.00 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 would suggest a positive year-over-year growth rate of 7%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, August 29th.

On average, analysts expect that Dollar General will report full year sales of $27.52 billion for the current financial year, with estimates ranging from $27.39 billion to $27.86 billion. For the next financial year, analysts expect that the company will post sales of $29.55 billion, with estimates ranging from $29.24 billion to $30.11 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.57 billion. During the same period in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis.

DG has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $134.00 price target on the stock in a research note on Wednesday, May 22nd. Royal Bank of Canada raised their target price on Dollar General from $133.00 to $139.00 and gave the company an “outperform” rating in a report on Friday, May 31st. BMO Capital Markets lifted their price target on Dollar General from $133.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, May 31st. Oppenheimer lifted their price target on Dollar General from $135.00 to $150.00 and gave the stock a “top pick” rating in a research note on Thursday, June 13th. Finally, Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $152.00 in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $135.62.

Shares of NYSE DG traded up $0.76 during midday trading on Friday, hitting $139.55. The stock had a trading volume of 127,144 shares, compared to its average volume of 1,620,647. The company’s 50-day simple moving average is $137.85 and its 200 day simple moving average is $126.95. The firm has a market cap of $36.00 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 1.95 and a beta of 0.67. Dollar General has a fifty-two week low of $98.08 and a fifty-two week high of $145.06. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.16 and a quick ratio of 0.12.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Monday, July 8th. Dollar General’s dividend payout ratio is currently 21.44%.

Large investors have recently modified their holdings of the stock. Weatherly Asset Management L. P. raised its position in Dollar General by 3.1% in the 2nd quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock valued at $353,000 after purchasing an additional 79 shares during the last quarter. Squar Milner Financial Services LLC grew its position in Dollar General by 73.0% during the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after buying an additional 81 shares in the last quarter. Huntington National Bank grew its position in Dollar General by 6.6% during the second quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $206,000 after buying an additional 95 shares in the last quarter. Commonwealth Bank of Australia grew its position in Dollar General by 0.3% during the first quarter. Commonwealth Bank of Australia now owns 34,024 shares of the company’s stock worth $4,052,000 after buying an additional 100 shares in the last quarter. Finally, JNBA Financial Advisors grew its position in Dollar General by 106.4% during the second quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after buying an additional 100 shares in the last quarter. 92.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: What is the strike price in options trading?

Get a free copy of the Zacks research report on Dollar General (DG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.