Dollar General (NYSE:DG) Releases FY 2024 Earnings Guidance

Dollar General (NYSE:DG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.500-5.900 for the period, compared to the consensus estimate of 5.850. The company issued revenue guidance of $40.5 billion-$40.7 billion, compared to the consensus revenue estimate of $40.5 billion. Dollar General also updated its FY25 guidance to $5.50-$5.90 EPS.

Dollar General Trading Up 0.2 %

Dollar General stock opened at $79.63 on Friday. The business’s 50-day simple moving average is $79.63 and its 200-day simple moving average is $104.26. Dollar General has a 52 week low of $72.12 and a 52 week high of $168.07. The firm has a market capitalization of $17.51 billion, a PE ratio of 12.36, a PEG ratio of 2.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that Dollar General will post 5.85 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.96%. Dollar General’s payout ratio is 36.65%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DG. JPMorgan Chase & Co. decreased their target price on Dollar General from $97.00 to $82.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. UBS Group decreased their price objective on Dollar General from $155.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Evercore ISI cut their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Finally, Truist Financial dropped their price objective 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. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $101.05.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Warren F. Bryant purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The trade was 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.

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.