Zacks: Analysts Anticipate Dollar General Corp. (DG) Will Post Quarterly Sales of $6.56 Billion
Analysts expect that Dollar General Corp. (NYSE:DG) will report $6.56 billion in sales for the current quarter, according to Zacks Investment Research. Twenty Four analysts have provided estimates for Dollar General’s earnings, with the highest sales estimate coming in at $6.62 billion and the lowest estimate coming in at $6.48 billion. Dollar General reported sales of $6.11 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The company is scheduled to announce its next earnings report before the market opens on Thursday, May 30th.
On average, analysts expect that Dollar General will report full-year sales of $27.47 billion for the current financial year, with estimates ranging from $27.36 billion to $27.65 billion. For the next year, analysts expect that the firm will post sales of $29.45 billion, with estimates ranging from $29.26 billion to $29.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Dollar General.
Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.89 by ($0.05). Dollar General had a net margin of 6.20% and a return on equity of 25.04%. The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $6.61 billion. During the same period in the previous year, the company posted $1.48 earnings per share. Dollar General’s revenue was up 8.5% compared to the same quarter last year.
In other news, EVP Robert D. Ravener sold 8,973 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $123.82, for a total value of $1,111,036.86. Following the completion of the sale, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at $2,203,253.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the sale, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at $7,353,476.52. The disclosure for this sale can be found here. Insiders have sold 143,255 shares of company stock valued at $17,037,351 over the last ninety days. Insiders own 0.55% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. WESPAC Advisors SoCal LLC acquired a new position in Dollar General in the fourth quarter worth approximately $30,000. Ellis Investment Partners LLC acquired a new position in Dollar General in the first quarter worth approximately $30,000. Whittier Trust Co. increased its holdings in Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock worth $31,000 after buying an additional 116 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Dollar General by 82.8% in the first quarter. AdvisorNet Financial Inc now owns 265 shares of the company’s stock worth $32,000 after buying an additional 120 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in Dollar General in the fourth quarter worth approximately $35,000. 96.50% of the stock is owned by institutional investors and hedge funds.
NYSE DG traded up $1.32 on Friday, reaching $121.96. The company’s stock had a trading volume of 1,157,198 shares, compared to its average volume of 1,596,924. Dollar General has a twelve month low of $86.87 and a twelve month high of $126.84. 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 company has a market capitalization of $31.61 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 1.52 and a beta of 0.72.
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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