Dollar General Corp. (NYSE:DG) Expected to Announce Quarterly Sales of $6.91 Billion

Equities analysts predict that Dollar General Corp. (NYSE:DG) will post sales of $6.91 billion for the current quarter, Zacks Investment Research reports. Twenty Two analysts have made estimates for Dollar General’s earnings, with the highest sales estimate coming in at $6.95 billion and the lowest estimate coming in at $6.86 billion. Dollar General reported sales of $6.42 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 7.6%. The company is expected to report its next earnings results on Tuesday, December 3rd.

According to Zacks, analysts expect that Dollar General will report full-year sales of $27.66 billion for the current year, with estimates ranging from $27.52 billion to $27.78 billion. For the next fiscal year, analysts forecast that the company will post sales of $29.74 billion, with estimates ranging from $29.54 billion to $30.03 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 released 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. Dollar General had a net margin of 6.11% and a return on equity of 25.34%. The firm had revenue of $6.98 billion during the quarter, compared to analysts’ expectations of $6.89 billion. During the same period last year, the business earned $1.52 earnings per share. Dollar General’s revenue was up 8.4% compared to the same quarter last year.

Several research firms recently issued reports on DG. Wells Fargo & Co cut shares of Dollar General from an “outperform” rating to a “market perform” rating and set a $140.00 price objective for the company. in a research report on Thursday, July 25th. Loop Capital restated a “buy” rating and set a $175.00 price objective (up from $156.00) on shares of Dollar General in a research report on Thursday, August 29th. Oppenheimer upgraded shares of Dollar General to an “overweight” rating and raised their price objective for the stock from $153.00 to $173.00 in a research report on Friday, September 6th. Sanford C. Bernstein upgraded shares of Dollar General from a “market perform” rating to an “outperform” rating in a research report on Wednesday, September 11th. Finally, ValuEngine cut shares of Dollar General from a “buy” rating to a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. Dollar General has an average rating of “Buy” and an average target price of $162.27.

Institutional investors and hedge funds have recently made changes to their positions in the business. Weatherly Asset Management L. P. lifted its stake in Dollar General by 3.1% in the second quarter. Weatherly Asset Management L. P. now owns 2,611 shares of the company’s stock worth $353,000 after acquiring an additional 79 shares during the last quarter. Squar Milner Financial Services LLC lifted its stake in Dollar General by 73.0% in the second quarter. Squar Milner Financial Services LLC now owns 192 shares of the company’s stock worth $26,000 after acquiring an additional 81 shares during the last quarter. Huntington National Bank lifted its stake in Dollar General by 6.6% in the second quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $206,000 after acquiring an additional 95 shares during the last quarter. JNBA Financial Advisors lifted its stake in Dollar General by 106.4% in the second quarter. JNBA Financial Advisors now owns 194 shares of the company’s stock worth $26,000 after acquiring an additional 100 shares during the last quarter. Finally, Sandy Spring Bank lifted its stake in Dollar General by 50.0% in the second quarter. Sandy Spring Bank now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.76% of the company’s stock.

Dollar General stock traded up $3.56 during midday trading on Wednesday, hitting $160.97. 1,610,058 shares of the stock were exchanged, compared to its average volume of 1,930,878. Dollar General has a fifty-two week low of $98.08 and a fifty-two week high of $162.34. The stock has a market capitalization of $41.38 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.50 and a beta of 0.54. The stock’s 50-day simple moving average is $152.29 and its 200 day simple moving average is $134.89. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49.

The business also recently declared a — dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.32 per share. This represents a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, October 7th. Dollar General’s dividend payout ratio is presently 21.44%.

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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