Factors Likely to Have Influenced Earnings Results Dollar General Stock Forecast, Price & News (NYSE:DG)

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Earnings results for Dollar General Stock Forecast, Price & News (NYSE:DG)

Dollar General Corporation is expected* to report earnings on 08/27/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 21 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.42. The reported EPS for the same quarter last year was $1.74.

Dollar General last posted its earnings results on May 28th, 2020. The reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.86. The firm had revenue of $8.45 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Its quarterly revenue was up 27.6% compared to the same quarter last year. Dollar General has generated $6.73 earnings per share over the last year and currently has a price-to-earnings ratio of 26.4. Dollar General has confirmed that its next quarterly earnings report will be published on Thursday, August 27th, 2020.

Analyst Opinion on Dollar General Stock Forecast, Price & News (NYSE:DG)

25 Wall Street analysts have issued ratings and price targets for Dollar General in the last 12 months. Their average twelve-month price target is $198.87, predicting that the stock has a possible downside of 2.56%. The high price target for DG is $230.00 and the low price target for DG is $145.00. There are currently 4 hold ratings, 19 buy ratings and 2 strong buy ratings for the stock, resulting in a consensus rating of “Buy.”

Dollar General has received a consensus rating of Buy. The company’s average rating score is 2.92, and is based on 19 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $198.87, Dollar General has a forecasted downside of 2.6% from its current price of $204.09. Dollar General has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Dollar General Stock Forecast, Price & News (NYSE:DG)

Dollar General has a dividend yield of 0.72%, which is in the bottom 25% of all stocks that pay dividends. Dollar General has only been increasing its dividend for 4 years. The dividend payout ratio of Dollar General is 21.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Dollar General will have a dividend payout ratio of 16.13% next year. This indicates that Dollar General will be able to sustain or increase its dividend.

Insiders buying/selling: Dollar General Stock Forecast, Price & News (NYSE:DG)

In the past three months, Dollar General insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,414,046.00 in company stock. Only 0.72% of the stock of Dollar General is held by insiders. 92.66% of the stock of Dollar General is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Dollar General Stock Forecast, Price & News (NYSE:DG

Earnings for Dollar General are expected to remain at $8.93 per share in the coming year. The P/E ratio of Dollar General is 26.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of Dollar General is 26.40, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 33.97. Dollar General has a PEG Ratio of 1.78. PEG Ratios above 1 indicate that a company could be overvalued. Dollar General has a P/B Ratio of 7.67. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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