Q3 2018 EPS Estimates for Dollar General Corporation Lowered by Jefferies Group (DG)
Dollar General Corporation (NYSE:DG) – Investment analysts at Jefferies Group reduced their Q3 2018 earnings estimates for shares of Dollar General Corporation in a research report issued to clients and investors on Thursday. Jefferies Group analyst D. Binder now expects that the company will post earnings of $0.93 per share for the quarter, down from their previous estimate of $0.96. Jefferies Group currently has a “Hold” rating and a $73.00 target price on the stock. Jefferies Group also issued estimates for Dollar General Corporation’s Q4 2018 earnings at $1.48 EPS and FY2018 earnings at $4.53 EPS.
Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $5.83 billion for the quarter, compared to analyst estimates of $5.80 billion. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. Dollar General Corporation’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. COPYRIGHT VIOLATION NOTICE: “Q3 2018 EPS Estimates for Dollar General Corporation Lowered by Jefferies Group (DG)” was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece of content can be viewed at https://theolympiareport.com/2017/09/06/q3-2018-eps-estimates-for-dollar-general-corporation-lowered-by-jefferies-group-dg.html.
Several other research firms also recently issued reports on DG. Deutsche Bank AG reiterated a “hold” rating and set a $79.00 price target on shares of Dollar General Corporation in a research note on Friday, September 1st. Zacks Investment Research downgraded Dollar General Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Dollar General Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Bank of America Corporation reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General Corporation in a research note on Friday, August 25th. Finally, Loop Capital reiterated a “hold” rating and set a $76.00 price target on shares of Dollar General Corporation in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.84.
Dollar General Corporation (NYSE DG) traded up 0.58% during trading on Monday, reaching $74.79. The company had a trading volume of 162,836 shares. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $80.67. The company has a market capitalization of $20.51 billion, a P/E ratio of 16.91 and a beta of 0.94. The stock has a 50 day moving average of $74.74 and a 200-day moving average of $72.73.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a $0.26 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. Dollar General Corporation’s dividend payout ratio is currently 23.48%.
Several hedge funds have recently made changes to their positions in the business. Toronto Dominion Bank raised its holdings in shares of Dollar General Corporation by 47.8% in the 1st quarter. Toronto Dominion Bank now owns 76,962 shares of the company’s stock worth $5,368,000 after buying an additional 24,874 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Dollar General Corporation in the 1st quarter worth approximately $290,000. Condor Capital Management raised its holdings in shares of Dollar General Corporation by 1.1% in the 1st quarter. Condor Capital Management now owns 14,166 shares of the company’s stock worth $988,000 after buying an additional 161 shares in the last quarter. Thornburg Investment Management Inc. acquired a new position in shares of Dollar General Corporation in the 1st quarter worth approximately $9,442,000. Finally, Tricadia Capital Management LLC raised its holdings in shares of Dollar General Corporation by 10.0% in the 1st quarter. Tricadia Capital Management LLC now owns 88,000 shares of the company’s stock worth $6,136,000 after buying an additional 8,000 shares in the last quarter. Institutional investors own 90.29% of the company’s stock.
About Dollar General Corporation
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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