Wall Street analysts forecast that Nike Inc (NYSE:NKE) will post sales of $8.39 billion for the current fiscal quarter, according to Zacks. Eleven analysts have issued estimates for Nike’s earnings. The lowest sales estimate is $8.31 billion and the highest is $8.46 billion. Nike posted sales of $8.18 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report after the market closes on Thursday, December 21st.

On average, analysts expect that Nike will report full-year sales of $8.39 billion for the current financial year, with estimates ranging from $35.20 billion to $36.16 billion. For the next fiscal year, analysts anticipate that the business will report sales of $38.21 billion per share, with estimates ranging from $36.71 billion to $39.02 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Nike.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. Nike had a return on equity of 31.88% and a net margin of 11.47%. The business had revenue of $9.07 billion during the quarter, compared to the consensus estimate of $9.08 billion. During the same period last year, the company earned $0.73 earnings per share. Nike’s quarterly revenue was up .1% on a year-over-year basis.

NKE has been the subject of several recent research reports. Jefferies Group cut Nike to a “buy” rating in a research report on Tuesday, August 29th. Vetr cut Nike from a “strong-buy” rating to a “buy” rating and set a $59.57 price target for the company. in a research report on Monday, September 4th. Goldman Sachs Group cut Nike from a “buy” rating to a “neutral” rating and increased their price target for the company from $52.30 to $54.00 in a research report on Thursday, October 19th. Telsey Advisory Group reduced their price target on Nike from $63.00 to $61.00 and set an “outperform” rating for the company in a research report on Wednesday, August 30th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $66.00 price target on shares of Nike in a research report on Thursday, August 24th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Nike currently has an average rating of “Hold” and an average price target of $60.67.

Shares of Nike (NYSE NKE) traded up $0.23 during midday trading on Friday, reaching $64.53. The company had a trading volume of 13,055,000 shares, compared to its average volume of 9,579,943. Nike has a 1 year low of $50.35 and a 1 year high of $64.85. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $104,906.55, a PE ratio of 27.36, a PEG ratio of 3.01 and a beta of 0.64.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 4th will be paid a $0.20 dividend. This is a positive change from Nike’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.24%. Nike’s dividend payout ratio (DPR) is presently 34.04%.

In related news, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the executive vice president now owns 23,248 shares of the company’s stock, valued at approximately $1,441,376. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Mark G. Parker sold 135,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. Following the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The disclosure for this sale can be found here. Company insiders own 3.90% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Nike by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 99,605,408 shares of the footwear maker’s stock valued at $5,876,718,000 after acquiring an additional 2,452,993 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Nike by 5.0% during the 1st quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker’s stock valued at $2,781,332,000 after acquiring an additional 2,375,447 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of Nike by 10.4% during the 2nd quarter. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker’s stock valued at $1,423,988,000 after acquiring an additional 2,274,869 shares in the last quarter. Capital World Investors boosted its holdings in shares of Nike by 58.7% during the 2nd quarter. Capital World Investors now owns 21,779,409 shares of the footwear maker’s stock valued at $1,284,985,000 after acquiring an additional 8,058,601 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Nike by 6.7% during the 2nd quarter. Northern Trust Corp now owns 21,502,892 shares of the footwear maker’s stock worth $1,268,671,000 after buying an additional 1,344,638 shares during the period. 62.78% of the stock is currently owned by institutional investors.

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About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Earnings History and Estimates for Nike (NYSE:NKE)

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