Dollar General (NYSE:DG) Posts Earnings Results

Dollar General (NYSE:DG) announced its earnings results on Thursday. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08), Zacks reports. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The business had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company earned $1.26 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Dollar General updated its FY25 guidance to $5.50-$5.90 EPS and its FY 2024 guidance to 5.500-5.900 EPS.

Dollar General Stock Performance

NYSE:DG opened at $81.62 on Friday. Dollar General has a twelve month low of $72.12 and a twelve month high of $168.07. 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 company has a 50-day moving average of $79.63 and a 200-day moving average of $104.26. The firm has a market cap of $17.95 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.44.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 2.89%. Dollar General’s dividend payout ratio (DPR) is 38.88%.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares in the company, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Warren F. Bryant bought 1,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares of the company’s stock, valued at approximately $3,397,284.90. This trade represents a 2.44 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DG shares. Oppenheimer reissued a “market perform” rating on shares of Dollar General in a research report on Monday, August 26th. Bank of America raised Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Friday. The Goldman Sachs Group dropped their price target on Dollar General from $122.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday. Telsey Advisory Group dropped their price target on Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research report on Monday, December 2nd. Finally, Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and dropped their price target for the company from $91.00 to $73.00 in a research report on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $98.27.

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.