Equities research analysts expect Dollar General Corp. (NYSE:DG) to post sales of $7.14 billion for the current quarter, according to Zacks. Twenty Two analysts have issued estimates for Dollar General’s earnings, with estimates ranging from $7.12 billion to $7.19 billion. Dollar General reported sales of $6.65 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.4%. The business is expected to announce its next earnings results on Thursday, March 12th.

On average, analysts expect that Dollar General will report full year sales of $27.70 billion for the current year, with estimates ranging from $27.61 billion to $27.78 billion. For the next year, analysts forecast that the business will post sales of $29.78 billion, with estimates ranging from $29.64 billion to $30.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Dollar General.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. Dollar General had a return on equity of 25.53% and a net margin of 6.09%. The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same quarter last year, the business earned $1.26 earnings per share. Dollar General’s revenue was up 8.9% on a year-over-year basis.

DG has been the subject of a number of recent analyst reports. Raymond James set a $180.00 price target on shares of Dollar General and gave the stock a “buy” rating in a report on Friday, August 30th. Citigroup lifted their price objective on shares of Dollar General from $148.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. BMO Capital Markets boosted their price objective on shares of Dollar General from $140.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. They noted that the move was a valuation call. Wells Fargo & Co restated a “hold” rating on shares of Dollar General in a research note on Monday. Finally, Credit Suisse Group raised their target price on Dollar General from $130.00 to $154.00 and gave the company a “neutral” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company. Dollar General has a consensus rating of “Buy” and an average price target of $162.95.

Several large investors have recently made changes to their positions in the company. Keudell Morrison Wealth Management raised its position in Dollar General by 436.9% in the second quarter. Keudell Morrison Wealth Management now owns 19,550 shares of the company’s stock valued at $2,642,000 after purchasing an additional 15,909 shares during the last quarter. Glen Harbor Capital Management LLC raised its holdings in Dollar General by 8.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 175,304 shares of the company’s stock valued at $23,694,000 after buying an additional 14,042 shares during the last quarter. Voya Investment Management LLC raised its holdings in Dollar General by 2.5% in the 3rd quarter. Voya Investment Management LLC now owns 147,163 shares of the company’s stock valued at $23,390,000 after buying an additional 3,583 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Dollar General by 16.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 296,864 shares of the company’s stock worth $40,510,000 after buying an additional 42,804 shares during the period. Finally, Prudential Financial Inc. boosted its position in Dollar General by 10.8% during the 2nd quarter. Prudential Financial Inc. now owns 273,981 shares of the company’s stock worth $37,032,000 after buying an additional 26,604 shares during the period. Institutional investors own 91.71% of the company’s stock.

DG stock opened at $154.82 on Tuesday. The company has a quick ratio of 0.13, a current ratio of 1.12 and a debt-to-equity ratio of 1.57. Dollar General has a 12 month low of $98.08 and a 12 month high of $166.98. The firm has a market cap of $39.39 billion, a P/E ratio of 25.93, a P/E/G ratio of 2.09 and a beta of 0.51. The company’s 50-day moving average price is $159.09 and its two-hundred day moving average price is $147.36.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.83%. Dollar General’s payout ratio is presently 21.44%.

About Dollar General

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

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