NEW YORK (AP) — An analyst from Citi Investment raised her price target for Dollar General on Tuesday as the discounter's fourth-quarter profit beat analysts' expectations.

On Monday, Dollar General Corp. reported quarterly earnings of 97 cents per share. Analysts polled by FactSet expected earnings of 90 cents per share.

Deborah Weinswig of Citi Investment Research said in a client note that the earnings topped her estimate of 91 cents per share, with the results helped by gross margin improvement. Gross profit margin is a measure of how much of each dollar of sales that the company gets to keep.

Dollar General also gave a forecast for 2013 adjusted earnings between $3.15 and $3.30 per share. Wall Street expects $3.27 per share, while Weinswig is looking for $3.30 per share.

The analyst said that the Goodlettsville, Tenn., company's growth in sales and earnings per share should get better as the year progresses as sales of goods such as tobacco, beer and liquor and other efforts begin to kick into high gear. Weinswig said that Dollar General also tends to be conservative with its outlook.

The analyst boosted Dollar General's price target to $67 from $65 and maintained a "Buy" rating.

Dollar General shares slipped 8 cents to $51 in trading 2 ½ hours ahead of the market opening on Tuesday. It rose $1.01 to finish at $51.08 on Monday.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel