Dick’s Sporting Goods Inc (DKS) to Release Quarterly Earnings on Monday
Dick’s Sporting Goods Inc (NYSE:DKS) is set to issue its quarterly earnings data before the market opens on Monday, November 13th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Dick’s Sporting Goods has set its Q3 guidance at $0.22-0.30 EPS and its FY18 guidance at $2.85-3.05 EPS.
Dick’s Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.04). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. On average, analysts expect Dick’s Sporting Goods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Dick’s Sporting Goods Inc (NYSE DKS) opened at $24.48 on Monday. The firm has a market capitalization of $2,677.25, a P/E ratio of 7.42, a PEG ratio of 1.08 and a beta of 0.48. The company has a current ratio of 1.51, a quick ratio of 0.24 and a debt-to-equity ratio of 0.10. Dick’s Sporting Goods Inc has a 12-month low of $23.88 and a 12-month high of $62.88.
In other news, Director William J. Colombo acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were acquired at an average cost of $26.25 per share, with a total value of $525,000.00. Following the completion of the acquisition, the director now owns 323,224 shares of the company’s stock, valued at $8,484,630. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 23.09% of the stock is currently owned by corporate insiders.
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Several equities analysts have commented on the company. Zacks Investment Research downgraded Dick’s Sporting Goods from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Cowen and Company downgraded Dick’s Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $31.00 to $28.00 in a research report on Thursday, August 24th. Credit Suisse Group set a $44.00 price objective on Dick’s Sporting Goods and gave the company a “hold” rating in a research report on Monday, August 7th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dick’s Sporting Goods in a research report on Thursday, September 14th. Finally, BidaskClub downgraded Dick’s Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Four equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $36.23.
Dick’s Sporting Goods Company Profile
Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.
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