Dollar General (NYSE:DG) updated its FY19 earnings guidance on Thursday. The company provided earnings per share guidance of $5.95-6.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.58. The company issued revenue guidance of +9% to ~$25.58 billion, compared to the consensus revenue estimate of $25.44 billion.
Several research firms recently commented on DG. Loop Capital raised their price target on shares of Dollar General from $87.00 to $97.00 and gave the company a hold rating in a report on Thursday, March 15th. They noted that the move was a valuation call. JPMorgan Chase restated a neutral rating and issued a $103.00 price target (up previously from $94.00) on shares of Dollar General in a report on Thursday, February 22nd. Morgan Stanley set a $121.00 price target on shares of Dollar General and gave the company a buy rating in a report on Friday, March 16th. Argus restated a hold rating on shares of Dollar General in a report on Thursday, February 8th. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut their price target on shares of Dollar General to $101.00 and set an outperform rating on the stock in a report on Wednesday, March 14th. Twelve research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Dollar General currently has a consensus rating of Buy and an average price target of $98.00.
Shares of DG stock traded down $1.43 during mid-day trading on Friday, reaching $94.97. 2,760,408 shares of the company were exchanged, compared to its average volume of 3,137,070. Dollar General has a fifty-two week low of $65.97 and a fifty-two week high of $105.82. The company has a current ratio of 1.43, a quick ratio of 0.22 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $26,178.73, a P/E ratio of 21.15, a PEG ratio of 1.10 and a beta of 1.02.
Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 15th. The company reported $1.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.48. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $6.20 billion. Dollar General had a net margin of 6.55% and a return on equity of 21.65%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. research analysts predict that Dollar General will post 6.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Shareholders of record on Tuesday, April 10th will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, April 9th. This is an increase from Dollar General’s previous quarterly dividend of $0.26. Dollar General’s payout ratio is currently 23.16%.
Dollar General declared that its board has approved a share repurchase program on Thursday, March 15th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In other Dollar General news, SVP Michael J. Kindy sold 8,221 shares of Dollar General stock in a transaction on Monday, March 26th. The shares were sold at an average price of $93.05, for a total value of $764,964.05. Following the completion of the transaction, the senior vice president now owns 9,850 shares of the company’s stock, valued at $916,542.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.22% of the company’s stock.
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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 comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.
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