Dollar General Corp. (NYSE:DG) – Investment analysts at Piper Jaffray Companies reduced their Q1 2020 earnings per share (EPS) estimates for shares of Dollar General in a note issued to investors on Thursday, March 14th. Piper Jaffray Companies analyst P. Keith now expects that the company will post earnings of $1.43 per share for the quarter, down from their previous forecast of $1.51. Piper Jaffray Companies also issued estimates for Dollar General’s Q2 2020 earnings at $1.60 EPS, Q3 2020 earnings at $1.36 EPS, Q4 2020 earnings at $2.03 EPS, FY2020 earnings at $6.42 EPS, Q1 2021 earnings at $1.61 EPS, Q2 2021 earnings at $1.80 EPS, Q3 2021 earnings at $1.54 EPS, Q4 2021 earnings at $2.27 EPS and FY2021 earnings at $7.21 EPS.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.89 by ($0.05). The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.61 billion. Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share.

DG has been the topic of a number of other reports. Zacks Investment Research lowered Dollar General from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Wells Fargo & Co increased their price objective on Dollar General from $118.00 to $129.00 and gave the company an “outperform” rating in a report on Friday, January 11th. Citigroup increased their price objective on Dollar General from $120.00 to $144.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets increased their price objective on Dollar General from $126.00 to $133.00 and gave the company an “outperform” rating in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. increased their price objective on Dollar General to $123.00 and gave the company an “overweight” rating in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $119.56.

Shares of DG stock opened at $117.24 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.19 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $29.94 billion, a PE ratio of 19.64, a PEG ratio of 1.41 and a beta of 0.71. Dollar General has a fifty-two week low of $86.87 and a fifty-two week high of $121.27.

A number of institutional investors have recently bought and sold shares of DG. Advocacy Wealth Management Services LLC grew its holdings in Dollar General by 96.4% in the fourth quarter. Advocacy Wealth Management Services LLC now owns 271 shares of the company’s stock valued at $29,000 after purchasing an additional 133 shares during the period. WESPAC Advisors SoCal LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $30,000. Whittier Trust Co. grew its holdings in Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after purchasing an additional 116 shares during the period. We Are One Seven LLC acquired a new stake in Dollar General in the fourth quarter valued at approximately $35,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in Dollar General by 282.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after purchasing an additional 282 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Robert D. Ravener sold 32,492 shares of the firm’s stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $111.63, for a total transaction of $3,627,081.96. Following the sale, the executive vice president now directly owns 33,307 shares of the company’s stock, valued at $3,718,060.41. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.09%. This is a positive change from Dollar General’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is 19.43%.

Dollar General Company Profile

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J. L.

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

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