Dollar General (DG) to Release Earnings on Thursday

Dollar General (NYSE:DG) will be issuing its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.97 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. On average, analysts expect Dollar General to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Dollar General Price Performance

Shares of NYSE DG opened at $76.24 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.24 and a beta of 0.45. The company’s 50-day moving average price is $80.54 and its 200 day moving average price is $106.65. Dollar General has a 52 week low of $72.12 and a 52 week high of $168.07.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total value of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares in the company, valued at $250,187.42. This represents a 41.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DG. Bank of America cut their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. The Goldman Sachs Group cut their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a report on Friday, August 30th. JPMorgan Chase & Co. decreased their price objective on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Truist Financial cut their target price on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, Citigroup cut shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.00.

Dollar General Company Profile

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.