Dollar General (NYSE:DG) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Dollar General (NYSE:DG) released its quarterly earnings data on Thursday. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09), RTT News reports. The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. Dollar General updated its FY 2024 guidance to 5.500-6.200 EPS and its FY25 guidance to $5.50-6.20 EPS.

Dollar General Stock Down 32.0 %

DG opened at $84.20 on Friday. Dollar General has a one year low of $84.00 and a one year high of $168.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock’s fifty day moving average is $123.95 and its 200-day moving average is $136.79. The company has a market capitalization of $18.52 billion, a PE ratio of 12.26, a P/E/G ratio of 2.36 and a beta of 0.43.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.80%. Dollar General’s dividend payout ratio is presently 34.35%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Loop Capital reduced their price objective on Dollar General from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Wells Fargo & Company dropped their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. BMO Capital Markets dropped their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Evercore ISI dropped their target price on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. dropped their target price on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $144.10.

About Dollar General

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.