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Jefferies Cuts Price Target on Dollar General (DG) Following 3Q
December 2, 2016 8:33 AM ESTJefferies maintained a Hold rating on Dollar General (NYSE: DG), and cut the price target to $70.00 (from $72.00), following the company's 3Q earnings report. Management still believes its sluggish sales are rooted in a distressed lower income consumer, which is faced with rent and... More
Dollar General (DG) Misses Q3 EPS by 4c; Comps Light of Views; Sees FY16 EPS at Low-End of Growth Outlook
December 1, 2016 6:55 AM EST(Updated - December 1, 2016 6:58 AM EST)
Dollar General (NYSE: DG) reported Q3 EPS of $0.89, $0.04 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $5.32 billion versus the consensus estimate of $5.37 billion.
Comps fell 0.1 percent, versus a gain of 0.8 percent expected by analysts.
Financial Outlook
On March 10, 2016, the Company stated that it intended to update its diluted EPS guidance for the 53-weeks ending February 3, 2017 (fiscal 2016) only if the... More
