Analysts Expect Dollar General Corp. (DG) Will Post Quarterly Sales of $6.21 Billion
Wall Street brokerages expect Dollar General Corp. (NYSE:DG) to post sales of $6.21 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Dollar General’s earnings, with estimates ranging from $6.17 billion to $6.27 billion. Dollar General posted sales of $6.01 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.3%. The company is scheduled to report its next earnings report before the market opens on Thursday, March 15th.
According to Zacks, analysts expect that Dollar General will report full-year sales of $6.21 billion for the current financial year, with estimates ranging from $23.32 billion to $23.61 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $25.46 billion per share, with estimates ranging from $25.13 billion to $25.72 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Dollar General.
Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.01). Dollar General had a return on equity of 22.58% and a net margin of 5.31%. The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.80 billion. During the same period last year, the firm posted $0.89 EPS. The company’s revenue was up 11.0% compared to the same quarter last year.
Dollar General (NYSE DG) traded up $3.16 on Tuesday, reaching $98.26. 3,326,284 shares of the company’s stock were exchanged, compared to its average volume of 2,300,000. Dollar General has a 1 year low of $65.97 and a 1 year high of $105.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.19. The firm has a market capitalization of $26,680.00, a P/E ratio of 21.79, a P/E/G ratio of 1.62 and a beta of 1.00.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were paid a $0.26 dividend. The ex-dividend date was Monday, January 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.06%. Dollar General’s dividend payout ratio is presently 23.06%.
In related news, EVP Robert D. Ravener sold 11,368 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $92.81, for a total transaction of $1,055,064.08. Following the transaction, the executive vice president now owns 22,598 shares in the company, valued at approximately $2,097,320.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Michael J. Kindy sold 7,536 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.64, for a total transaction of $683,063.04. Following the transaction, the senior vice president now owns 7,578 shares in the company, valued at approximately $686,869.92. The disclosure for this sale can be found here. Insiders sold a total of 20,916 shares of company stock worth $1,924,881 in the last 90 days. 0.22% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Dollar General by 168.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,218,589 shares of the company’s stock worth $1,314,516,000 after buying an additional 10,167,321 shares in the last quarter. Longview Partners Guernsey LTD lifted its position in Dollar General by 0.8% during the 4th quarter. Longview Partners Guernsey LTD now owns 11,417,858 shares of the company’s stock worth $1,061,975,000 after buying an additional 96,198 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in Dollar General by 2.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 7,888,589 shares of the company’s stock worth $642,060,000 after buying an additional 178,400 shares in the last quarter. Capital International Investors lifted its position in Dollar General by 14.0% during the 3rd quarter. Capital International Investors now owns 6,428,000 shares of the company’s stock worth $520,989,000 after buying an additional 791,600 shares in the last quarter. Finally, Polen Capital Management LLC lifted its position in Dollar General by 0.8% during the 4th quarter. Polen Capital Management LLC now owns 4,977,513 shares of the company’s stock worth $462,958,000 after buying an additional 41,833 shares in the last quarter. Institutional investors and hedge funds own 90.29% of the company’s stock.
About Dollar General
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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