Morgan Stanley Has Positive Earnings Outlook Update for Dollar General (DG)
Equities research analysts at Morgan Stanley (NYSE: MS) raised their earnings per share estimates on shares of Dollar General (NYSE: DG) in a research note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the company’s shares.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group set a $56.00 price target on shares of Dollar General in a research note to investors on Tuesday. Separately, analysts at Citigroup (NYSE: C) raised their price target on shares of Dollar General from $54.00 to $65.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “overweight” rating on shares of Dollar General in a research note to investors on Friday, June 1st.
Dollar General opened at 46.76 on Tuesday. Dollar General has a 52-week low of $29.84 and a 52-week high of $49.50. The company has a market cap of $15.540 billion and a price-to-earnings ratio of 19.48.
Dollar General last posted its quarterly earnings results on Monday, June 4th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.59 by $0.04. Dollar General’s revenue was up 13.0% compared to the same quarter last year. Analysts expect that Dollar General will post $0.59 EPS next quarter.
Dollar General Corporation is a discount retailer. As of February 25, 2011, the Company operated 9,414 stores located in 35 states, primarily in the southern, southwestern, Midwestern and eastern United States.