Zacks: Brokerages Expect Dollar General Corp. (NYSE:DG) Will Announce Quarterly Sales of $6.91 Billion

Equities research analysts expect Dollar General Corp. (NYSE:DG) to report sales of $6.91 billion for the current fiscal quarter, according to Zacks. Twenty Two analysts have provided 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 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 business is expected to announce 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 financial year, analysts expect that the company will post sales of $29.74 billion, with estimates ranging from $29.54 billion to $30.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Dollar General.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.74 earnings per share 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 business had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.89 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis.

Several research analysts have weighed in on the stock. UBS Group set a $175.00 price target on shares of Dollar General and gave the stock a “buy” rating in a research report on Friday, August 30th. Buckingham Research raised their price objective on shares of Dollar General from $152.00 to $178.00 and gave the company a “buy” rating in a research report on Friday, August 30th. BMO Capital Markets raised their price objective on shares of Dollar General from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. They noted that the move was a valuation call. Piper Jaffray Companies raised their price objective on shares of Dollar General from $137.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dollar General from $173.00 to $184.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. One 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’s stock. Dollar General presently has a consensus rating of “Buy” and a consensus target price of $162.95.

DG opened at $162.91 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.12 and a debt-to-equity ratio of 1.49. Dollar General has a 1-year low of $98.08 and a 1-year high of $166.98. The company has a market capitalization of $41.90 billion, a PE ratio of 25.79, a PEG ratio of 2.56 and a beta of 0.54. The firm’s 50 day simple moving average is $160.05 and its two-hundred day simple moving average is $139.31.

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

A number of large investors have recently bought and sold shares of the business. Ironvine Capital Partners LLC raised its position in shares of Dollar General by 10.8% in the third quarter. Ironvine Capital Partners LLC now owns 91,304 shares of the company’s stock valued at $15,006,000 after buying an additional 8,917 shares during the last quarter. Railway Pension Investments Ltd raised its position in shares of Dollar General by 8.9% in the third quarter. Railway Pension Investments Ltd now owns 341,378 shares of the company’s stock valued at $54,258,000 after buying an additional 27,993 shares during the last quarter. Icon Wealth Partners LLC acquired a new stake in shares of Dollar General in the third quarter valued at about $242,000. Rhumbline Advisers raised its position in shares of Dollar General by 1.5% in the third quarter. Rhumbline Advisers now owns 520,538 shares of the company’s stock valued at $82,734,000 after buying an additional 7,888 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Dollar General by 49.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 209,100 shares of the company’s stock valued at $33,234,000 after buying an additional 69,100 shares during the last quarter. Institutional investors own 93.14% 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.

Featured Article: Google Finance Portfolio Workaround

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.