$6.91 Billion in Sales Expected for Dollar General Corp. (NYSE:DG) This Quarter

Analysts expect Dollar General Corp. (NYSE:DG) to post $6.91 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Twenty Three analysts have provided estimates for Dollar General’s earnings. The lowest sales estimate is $6.86 billion and the highest is $6.96 billion. Dollar General posted sales of $6.42 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The firm is expected to report its next quarterly earnings results on Tuesday, December 3rd.

On average, analysts expect that Dollar General will report full-year sales of $27.64 billion for the current financial year, with estimates ranging from $27.49 billion to $27.78 billion. For the next financial year, analysts anticipate that the firm will report sales of $29.72 billion, with estimates ranging from $29.48 billion to $30.03 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.58 by $0.16. The firm had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.89 billion. Dollar General had a return on equity of 25.34% and a net margin of 6.11%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS.



Several research firms have issued reports on DG. KeyCorp set a $180.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. Goldman Sachs Group upgraded Dollar General from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $142.00 to $152.00 in a report on Thursday, August 8th. Raymond James set a $180.00 price objective on Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. BMO Capital Markets boosted their price objective on Dollar General from $140.00 to $175.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. They noted that the move was a valuation call. Finally, Buckingham Research boosted their price objective on Dollar General from $152.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $158.32.

NYSE DG traded up $1.09 on Monday, hitting $157.10. 1,740,700 shares of the company were exchanged, compared to its average volume of 1,956,964. The company’s 50 day moving average price is $142.40 and its 200-day moving average price is $130.52. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.14 and a quick ratio of 0.12. The firm has a market capitalization of $40.38 billion, a P/E ratio of 26.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.55. Dollar General has a twelve month low of $98.08 and a twelve month high of $162.34.

The firm also recently announced a — dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a $0.32 dividend. The ex-dividend date is Monday, October 7th. This represents a dividend yield of 0.8%. Dollar General’s dividend payout ratio is 21.44%.

Institutional investors and hedge funds have recently modified their holdings of the company. Squar Milner Financial Services LLC increased its holdings in shares of Dollar General by 73.0% in the 2nd quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock valued at $26,000 after purchasing an additional 81 shares during the period. Clean Yield Group bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $26,000. JNBA Financial Advisors grew its stake in shares of Dollar General by 106.4% in the 2nd quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Dollar General in the 2nd quarter valued at approximately $27,000. Finally, Sandy Spring Bank grew its stake in shares of Dollar General by 50.0% in the 2nd quarter. Sandy Spring Bank now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 100 shares in the last quarter. Institutional investors own 92.75% 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.

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

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