Q3 2024 Earnings Estimate for Dollar General Co. Issued By KeyCorp (NYSE:DG)

Posted by Defense World Staff on Jun 5th, 2023

Dollar General Co. (NYSE:DG – Get Rating) – Research analysts at KeyCorp lowered their Q3 2024 earnings estimates for Dollar General in a report released on Thursday, June 1st. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $2.31 per share for the quarter, down from their previous forecast of $2.58. The consensus estimate for Dollar General’s current full-year earnings is $10.36 per share. KeyCorp also issued estimates for Dollar General’s Q4 2024 earnings at $2.94 EPS.

Dollar General (NYSE:DG – Get Rating) last issued its quarterly earnings results on Thursday, June 1st. The company reported $2.34 earnings per share for the quarter, missing the consensus estimate of $2.38 by ($0.04). The business had revenue of $9.34 billion for the quarter, compared to analysts’ expectations of $9.47 billion. Dollar General had a return on equity of 40.03% and a net margin of 6.19%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.41 EPS.

A number of other research firms have also recently weighed in on DG. Deutsche Bank Aktiengesellschaft lowered their price objective on Dollar General from $256.00 to $201.00 in a research report on Friday. Gordon Haskett cut shares of Dollar General from an “accumulate” rating to a “hold” rating and lowered their target price for the company from $230.00 to $220.00 in a research note on Friday, March 17th. BMO Capital Markets lowered their target price on shares of Dollar General from $230.00 to $175.00 in a research note on Friday. VNET Group restated a “maintains” rating on shares of Dollar General in a research note on Friday. Finally, Barclays began coverage on Dollar General in a report on Tuesday, February 7th. They issued an “equal weight” rating and a $237.00 price target on the stock. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $215.53.

Dollar General Stock Up 2.6 %

DG stock opened at $166.12 on Monday. Dollar General has a twelve month low of $159.12 and a twelve month high of $261.59. The company has a quick ratio of 0.14, a current ratio of 1.32 and a debt-to-equity ratio of 1.18. The stock has a market cap of $36.40 billion, a P/E ratio of 15.66, a PEG ratio of 1.52 and a beta of 0.34. The business’s 50-day moving average price is $212.31 and its 200-day moving average price is $226.48.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Tuesday, July 11th will be given a $0.59 dividend. The ex-dividend date is Monday, July 10th. This represents a $2.36 annualized dividend and a yield of 1.42%. Dollar General’s dividend payout ratio is currently 22.24%.

Insiders Place Their Bets

In related news, Director Timothy I. Mcguire purchased 3,550 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The shares were bought at an average price of $202.00 per share, for a total transaction of $717,100.00. Following the acquisition, the director now owns 11,104 shares of the company’s stock, valued at approximately $2,243,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently made changes to their positions in the company. Concord Wealth Partners purchased a new stake in shares of Dollar General in the fourth quarter valued at $25,000. First Manhattan Co. raised its holdings in shares of Dollar General by 447.4% in the fourth quarter. First Manhattan Co. now owns 104 shares of the company’s stock worth $26,000 after buying an additional 85 shares during the period. Financial Freedom LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $26,000. Capital Directions Investment Advisors LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $27,000. Finally, Accurate Wealth Management LLC purchased a new stake in shares of Dollar General in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 90.73% of the company’s stock.

Dollar General Company Profile

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Dollar General Corp. engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo The company was founded by J.