Big 5 Sporting Goods (NASDAQ:BGFV) Updates Q2 2024 Earnings Guidance

Big 5 Sporting Goods (NASDAQ:BGFV) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -0.550–0.400 for the period. The company issued revenue guidance of -.

Big 5 Sporting Goods Stock Performance

BGFV stock traded down $0.11 during trading hours on Tuesday, reaching $3.54. The stock had a trading volume of 358,204 shares, compared to its average volume of 398,892. The stock has a market capitalization of $79.44 million, a PE ratio of -11.06 and a beta of 2.35. The stock has a 50-day simple moving average of $3.82 and a 200 day simple moving average of $5.18. Big 5 Sporting Goods has a fifty-two week low of $3.00 and a fifty-two week high of $9.99. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.63 and a quick ratio of 0.18.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). The business had revenue of $196.35 million for the quarter. Big 5 Sporting Goods had a negative return on equity of 2.77% and a negative net margin of 0.80%.

Big 5 Sporting Goods Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date was Thursday, March 7th. Big 5 Sporting Goods’s dividend payout ratio (DPR) is presently -60.61%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. TheStreet cut shares of Big 5 Sporting Goods from a c rating to a d+ rating in a research note on Wednesday, February 28th. StockNews.com upgraded Big 5 Sporting Goods from a sell rating to a hold rating in a report on Friday.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.