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

Dollar General (NYSE:DG) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 5.500-6.200 for the period, compared to the consensus estimate of 7.120. The company issued revenue guidance of $40.5 billion-$40.7 billion, compared to the consensus revenue estimate of $41.0 billion. Dollar General also updated its FY25 guidance to $5.50-6.20 EPS.

Analysts Set New Price Targets

A number of research firms have issued reports on DG. Argus cut their target price on shares of Dollar General from $175.00 to $170.00 and set a buy rating for the company in a research report on Monday, July 15th. BMO Capital Markets cut their target price on shares of Dollar General from $150.00 to $140.00 and set a market perform rating for the company in a research report on Friday, May 31st. Evercore ISI dropped their price target on shares of Dollar General from $151.00 to $148.00 and set an in-line rating on the stock in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $161.00 to $137.00 and set a neutral rating on the stock in a research note on Friday, May 31st. Finally, Wells Fargo & Company dropped their price target on shares of Dollar General from $145.00 to $130.00 and set an equal weight rating on the stock in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus price target of $146.41.

Dollar General Stock Performance

Dollar General stock traded down $35.66 during mid-day trading on Thursday, reaching $88.18. The company had a trading volume of 18,011,141 shares, compared to its average volume of 2,493,720. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. Dollar General has a 52 week low of $87.08 and a 52 week high of $168.07. The company has a 50 day moving average of $124.01 and a 200-day moving average of $136.88. The firm has a market cap of $19.39 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.36 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the company earned $2.13 earnings per share. Dollar General’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Dollar General will post 7.21 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.68%. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

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.