$8.70 Billion in Sales Expected for Dollar General Co. (NYSE:DG) This Quarter

Equities research analysts predict that Dollar General Co. (NYSE:DGGet Rating) will report $8.70 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Twenty Four analysts have made estimates for Dollar General’s earnings, with the highest sales estimate coming in at $8.80 billion and the lowest estimate coming in at $8.65 billion. Dollar General posted sales of $8.40 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Dollar General will report full-year sales of $37.39 billion for the current fiscal year, with estimates ranging from $36.83 billion to $37.66 billion. For the next fiscal year, analysts anticipate that the business will post sales of $39.64 billion, with estimates ranging from $38.64 billion to $40.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Dollar General.

Dollar General (NYSE:DGGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported $2.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.57. Dollar General had a net margin of 7.01% and a return on equity of 38.64%. The firm had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same period in the prior year, the company posted $2.62 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis.

A number of equities research analysts have recently weighed in on DG shares. BMO Capital Markets lifted their price target on Dollar General from $250.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, March 18th. JPMorgan Chase & Co. cut their price target on Dollar General from $272.00 to $263.00 and set an “overweight” rating on the stock in a report on Monday, March 14th. Oppenheimer cut their price target on Dollar General from $270.00 to $240.00 and set an “outperform” rating on the stock in a report on Tuesday, March 15th. Wells Fargo & Company lifted their price target on Dollar General from $220.00 to $255.00 in a report on Thursday, March 17th. Finally, Piper Sandler cut their price target on Dollar General from $270.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $243.50.

NYSE DG traded up $3.10 on Friday, hitting $253.28. The stock had a trading volume of 32,331 shares, compared to its average volume of 2,147,286. The company’s 50-day moving average is $216.85 and its two-hundred day moving average is $218.83. Dollar General has a one year low of $185.15 and a one year high of $251.54. The stock has a market cap of $57.95 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 1.89 and a beta of 0.60. The company has a quick ratio of 0.12, a current ratio of 1.05 and a debt-to-equity ratio of 0.67.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 19th. Stockholders of record on Tuesday, April 5th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, April 4th. This is a positive change from Dollar General’s previous quarterly dividend of $0.42. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.87%. Dollar General’s payout ratio is presently 21.65%.

In other Dollar General news, EVP Emily C. Taylor sold 10,016 shares of the firm’s stock in a transaction that occurred on Thursday, March 24th. The stock was sold at an average price of $220.20, for a total value of $2,205,523.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Anita C. Elliott sold 7,502 shares of the firm’s stock in a transaction that occurred on Wednesday, April 6th. The shares were sold at an average price of $235.70, for a total value of $1,768,221.40. Following the completion of the sale, the chief accounting officer now directly owns 16,279 shares in the company, valued at approximately $3,836,960.30. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in DG. Delos Wealth Advisors LLC acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $25,000. FSB Premier Wealth Management Inc. bought a new position in shares of Dollar General during the 4th quarter worth approximately $26,000. Sandy Cove Advisors LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $28,000. TAP Consulting LLC bought a new position in shares of Dollar General during the 4th quarter worth approximately $28,000. Finally, Assetmark Inc. lifted its position in shares of Dollar General by 335.7% during the 3rd quarter. Assetmark Inc. now owns 122 shares of the company’s stock worth $26,000 after buying an additional 94 shares during the period. 90.95% of the stock is currently owned by institutional investors.

Dollar General Company Profile (Get Rating)

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

See Also

Get a free copy of the Zacks research report on Dollar General (DG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Dollar General Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollar General and related companies with MarketBeat.com's FREE daily email newsletter.