Dollar General Corp. (DG) Forecasted to Post Q4 2019 Earnings of $1.82 Per Share
Dollar General Corp. (NYSE:DG) – Investment analysts at Oppenheimer reduced their Q4 2019 earnings per share (EPS) estimates for Dollar General in a research note issued on Tuesday, December 4th. Oppenheimer analyst R. Parikh now anticipates that the company will post earnings of $1.82 per share for the quarter, down from their prior forecast of $1.98.
A number of other research analysts have also commented on the company. Zacks Investment Research upgraded Dollar General from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Thursday, October 4th. Wells Fargo & Co upped their price target on Dollar General from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, August 29th. Morgan Stanley upped their price target on Dollar General from $116.00 to $118.00 and gave the company an “overweight” rating in a research report on Friday, August 31st. UBS Group reiterated a “buy” rating and issued a $120.00 price target (up from $110.00) on shares of Dollar General in a research report on Monday, October 15th. Finally, Buckingham Research upped their price target on Dollar General from $95.00 to $107.00 and gave the company a “neutral” rating in a research report on Monday, August 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.26.
Dollar General (NYSE:DG) last issued its earnings results on Tuesday, December 4th. The company reported $1.26 EPS for the quarter, meeting analysts’ consensus estimates of $1.26. The business had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.38 billion. Dollar General had a return on equity of 24.03% and a net margin of 7.24%. Dollar General’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share.
Hedge funds have recently made changes to their positions in the company. SRS Capital Advisors Inc. bought a new stake in shares of Dollar General during the third quarter worth $107,000. Signaturefd LLC grew its holdings in shares of Dollar General by 74.0% during the third quarter. Signaturefd LLC now owns 1,521 shares of the company’s stock worth $166,000 after purchasing an additional 647 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in shares of Dollar General during the third quarter worth $173,000. Synovus Financial Corp grew its holdings in shares of Dollar General by 73.2% during the third quarter. Synovus Financial Corp now owns 1,826 shares of the company’s stock worth $201,000 after purchasing an additional 772 shares during the last quarter. Finally, Financial Counselors Inc. bought a new stake in shares of Dollar General during the third quarter worth $201,000. Institutional investors own 94.23% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, January 7th. Dollar General’s payout ratio is presently 25.84%.
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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