Dollar General (NYSE:DG) is set to release its quarterly earnings data on Thursday, August 31st, before the market opens. Analysts are expecting the company to announce earnings of $2.50 per share for the quarter. Those interested in participating in the company’s conference call can register using the provided link.
In related news, CEO Jeffery Owen recently purchased 1,500 shares of Dollar General stock in a transaction that took place on June 6th. The shares were acquired at an average price of $157.86 per share, totaling $236,790.00. Following this acquisition, the CEO now owns 55,720 shares directly in the company, valued at $8,795,959.20. This transaction was disclosed through a filing with the SEC and further details can be accessed on their website.
Similarly, Director Michael M. Calbert bought 2,500 shares of Dollar General stock on June 8th at an average cost of $155.25 per share. This amounted to a total transaction value of $388,125.00. After this purchase, the director now holds 116,682 shares directly in the company worth approximately $18,114,880.50 as disclosed publicly.
It is worth noting that insiders currently own 0.60% of Dollar General’s stock.
Additionally, Dollar General recently declared a quarterly dividend which was paid out to shareholders on July 25th. Stockholders who were registered as of July 11th received a dividend payment of $0.59 per share. This represents an annualized dividend payout ratio of $2.36 and a dividend yield of 1.49%. The ex-dividend date for this particular dividend was on July 10th.
The current dividend payout ratio for Dollar General stands at an impressive rate of 22.,24%.
On August 31st , investors and analysts will await eagerly for the release of the company’s quarterly earnings data. The earnings per share (EPS) for this quarter are projected at $2.50. These figures will provide valuable insights into Dollar General’s financial performance and help assess its overall position in the market.
Interested parties can access further information regarding the company’s financials and disclosures by referring to the SEC website.
It is important to watch these developments closely, as they will undoubtedly impact investors and stakeholders in Dollar General, both in the short-term and long-term future of the company.
Dollar General Corporation
Updated on: 03/03/2024
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
7:00 PM (UTC)
Date:31 January, 2024
|Analyst / firm
Uncertainty Surrounds Dollar General’s Quarterly Earnings Report
Dollar General, a well-known discount retailer, recently released its quarterly earnings report on June 1st. The company reported earnings per share (EPS) of $2.34 for the quarter, which fell short of analysts’ consensus estimates by $0.04. This disappointing result was accompanied by a return on equity of 40.03% and a net margin of 6.19%.
The company’s revenue for the quarter was $9.34 billion, slightly below the consensus estimate of $9.47 billion. Despite this, Dollar General demonstrated a 6.8% increase in revenue compared to the same period last year, showing steady growth in its operations.
In terms of stock performance, Dollar General opened at $158.54 on Thursday and currently has a twelve month low of $151.27 and a twelve month high of $261.59. These figures suggest that the stock has experienced some volatility over the past year.
CEO Jeffery Owen made headlines when he purchased 1,500 shares of Dollar General’s stock on June 6th at an average price of $157.86 per share, amounting to a total value of $236,790. This move indicates confidence from within the company’s leadership.
Additionally, Director Michael M. Calbert also acquired 2,500 shares on June 8th at an average cost of $155.25 per share, totaling $388,125. These insider purchases indicate that both individuals have faith in the future prospects of Dollar General.
Recent reports from research firms have provided mixed opinions about Dollar General’s stock performance and outlook. Piper Sandler downgraded the stock from “overweight” to “neutral” and reduced their price target from $275 to $178 on June 1st.
Contrarily, StockNews.com initiated coverage with a “hold” rating for Dollar General on August 17th. Meanwhile, JPMorgan Chase & Co., Deutsche Bank Aktiengesellschaft, and Bank of America all lowered their price targets for the company’s stock.
Overall, there is a range of opinions regarding Dollar General’s future prospects. Bloomberg.com reports that the average rating for the stock is currently “Moderate Buy,” with a consensus target price of $200.00.
Investors and analysts will be closely monitoring Dollar General’s performance in the coming months. With an expected EPS of $10 for the current fiscal year and $11 for the next fiscal year, it remains to be seen whether the company can meet these projections and regain investor confidence.
In conclusion, Dollar General’s quarterly earnings report revealed lower-than-expected results. The company faced challenges in meeting analysts’ consensus estimates, but demonstrated modest revenue growth compared to the previous year. Insider purchases by CEO Jeffery Owen and Director Michael M. Calbert suggest a positive outlook within the company. However, research firms have mixed opinions on the stock’s performance and present a wide range of price targets. As investors await further developments, it remains uncertain whether Dollar General can achieve its projected earnings for this fiscal year and beyond.