Zacks: Brokerages Expect Nike Inc (NYSE:NKE) to Post $0.67 Earnings Per Share
Equities analysts predict that Nike Inc (NYSE:NKE) will report earnings per share of $0.67 for the current quarter, according to Zacks. Nine analysts have made estimates for Nike’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.61. Nike posted earnings of $0.69 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The business is expected to issue its next earnings results after the market closes on Thursday, June 27th.
According to Zacks, analysts expect that Nike will report full-year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.60. For the next fiscal year, analysts anticipate that the company will post earnings of $3.02 per share, with EPS estimates ranging from $2.90 to $3.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Nike.
Nike (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The firm had revenue of $9.61 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Nike had a return on equity of 45.78% and a net margin of 10.79%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 EPS.
Nike stock traded down $0.63 during trading hours on Wednesday, hitting $82.63. The stock had a trading volume of 286,998 shares, compared to its average volume of 6,646,892. The company has a quick ratio of 1.43, a current ratio of 2.17 and a debt-to-equity ratio of 0.39. The stock has a market cap of $129.80 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.76. Nike has a fifty-two week low of $66.53 and a fifty-two week high of $90.00.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.88 annualized dividend and a yield of 1.06%. Nike’s dividend payout ratio (DPR) is presently 36.36%.
In other news, EVP Monique S. Matheson sold 16,500 shares of Nike stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $88.21, for a total value of $1,455,465.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John F. Slusher sold 110,000 shares of Nike stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $85.02, for a total transaction of $9,352,200.00. The disclosure for this sale can be found here. Insiders have sold 166,504 shares of company stock valued at $14,320,816 over the last 90 days. Company insiders own 3.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC bought a new position in Nike in the first quarter valued at approximately $25,000. Shamrock Asset Management LLC bought a new position in Nike in the first quarter valued at approximately $25,000. Jackson Grant Investment Advisers Inc. bought a new position in Nike in the first quarter valued at approximately $25,000. Next Capital Management LLC bought a new position in Nike in the fourth quarter valued at approximately $26,000. Finally, Mackey Komara & Dankovich LLC bought a new position in Nike in the first quarter valued at approximately $30,000. 65.70% of the stock is currently owned by institutional investors and hedge funds.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
Featured Story: Insider Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.