Dollar General (NYSE: DG) Releases Fiscal 2021 Profit Forecast
Dollar General (NYSE: DG) updated its earnings guidance for fiscal 2021 on Tuesday. The company provided earnings per share guidance of $ 9.500 to $ 10.200 for the period, compared to the consensus earnings estimate. per Thomson Reuters share of $ 9.580. The company released a revenue forecast of $ 33.41 billion to $ 34.08 billion, against a consensus revenue estimate of $ 33.91 billion.
DG stock traded down $ 0.67 at midday on Tuesday, reaching $ 205.33. 70,620 shares of the stock traded for an average volume of 2,413,884. Dollar General had a 52-week low at $ 173.50 and a 52-week high at $ 225.25. The company has a leverage ratio of 0.66, a current ratio of 1.14, and a quick ratio of 0.29. The company has a market cap of $ 48.50 billion, a price / earnings ratio of 18.95, a PEG ratio of 1.69, and a beta of 0.52. The stock has a 50-day simple moving average of $ 208.91.
Dollar General (NYSE: DG) last reported its quarterly results on Wednesday, May 26. The company reported earnings per share (EPS) of $ 2.82 for the quarter, beating analyst consensus estimates of $ 2.19 by $ 0.63. The company posted revenue of $ 8.40 billion for the quarter, compared to $ 8.28 billion expected by analysts. Dollar General had a net margin of 7.96% and a return on equity of 39.37%. The company’s revenue for the quarter was down 0.6% year-on-year. During the same period last year, the company made a profit of $ 2.56 per share. Sell-side analysts expect Dollar General to post 9.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 20. Investors of record on Tuesday, July 6 will receive a dividend of $ 0.42 per share. This represents an annualized dividend of $ 1.68 and a dividend yield of 0.82%. The ex-dividend date is Friday July 2. Dollar General’s payout ratio is 15.82%.
Dollar General announced that its board of directors launched a share buyback plan on Thursday, March 18 that allows the company to repurchase $ 2.00 billion in shares. This repurchase authorization allows the company to buy up to 4.2% of its shares by way of purchase on the market. Share buyback plans are usually a sign that company management believes its stock is undervalued.
Several stock analysts recently commented on the title. Evercore ISI upgraded Dollar General shares from an online rating to an outperformance rating in a research report on Monday March 22. The Royal Bank of Canada reaffirmed a sector performance rating and issued a price target of $ 207.00 (vs. $ 206.00) on Dollar General shares in a research note on Tuesday, May 18. Piper Sandler raised her target price on Dollar General shares from $ 215.00 to $ 230.00 and assigned the stock an overweight rating in a research note on Friday, May 28. Deutsche Bank Aktiengesellschaft raised its price target for Dollar General shares from $ 226.00 to $ 231.00 and gave the stock a buy rating in a report released on Tuesday, June 1. Finally, Jefferies Financial Group lowered its price target on Dollar General shares from $ 260.00 to $ 250.00 and set a buy rating on the share in a report released on Friday, March 19. One equity research analyst rated the stock with a sell rating, three assigned a conservation rating, eighteen issued a buy rating, and one assigned a high buy rating to the stock. The stock currently has an average buy rating and a consensus price target of $ 232.42.
Meanwhile, CFO John W. Garratt sold 26,127 shares of the company in a transaction that took place on Tuesday, March 23. The shares were sold for an average price of $ 199.35, for a total value of $ 5,208,417.45. Following the sale, the CFO now directly owns 37,088 shares of the company, valued at $ 7,393,492.80. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available on the SEC website. Company insiders own 0.73% of the company’s shares.
About Dollar General
Dollar General Corporation, a discount retailer, supplies a variety of merchandise products to the South, Southwest, Midwest, and Eastern United States. The company offers consumables, including paper and cleaning products, such as paper towels, facial tissues, paper tableware, garbage and storage bags, and laundry products; packaged foods including cereals, canned soups and vegetables, condiments, spices, sugar and flour; and perishables which include milk, eggs, bread, refrigerated and frozen foods, beer and wine.
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