Zacks: Brokerages Expect Dicks Sporting Goods Inc (DKS) Will Announce Earnings of $1.02 Per Share

Share on StockTwits

Brokerages expect that Dicks Sporting Goods Inc (NYSE:DKS) will report earnings of $1.02 per share for the current quarter, according to Zacks. Seven analysts have provided estimates for Dicks Sporting Goods’ earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.10. Dicks Sporting Goods reported earnings per share of $0.96 during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, August 29th.

According to Zacks, analysts expect that Dicks Sporting Goods will report full-year earnings of $3.08 per share for the current fiscal year, with EPS estimates ranging from $2.94 to $3.19. For the next year, analysts expect that the business will post earnings of $3.22 per share, with EPS estimates ranging from $2.82 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, May 30th. The sporting goods retailer reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. Dicks Sporting Goods had a net margin of 3.75% and a return on equity of 16.98%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 4.6% compared to the same quarter last year.

A number of research analysts have issued reports on DKS shares. Buckingham Research upped their target price on shares of Dicks Sporting Goods from $40.00 to $46.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Citigroup upped their target price on shares of Dicks Sporting Goods from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Deutsche Bank set a $45.00 target price on shares of Dicks Sporting Goods and gave the company a “buy” rating in a research report on Thursday, May 31st. Deutsche Bank upped their target price on shares of Dicks Sporting Goods to $45.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Finally, Zacks Investment Research upgraded shares of Dicks Sporting Goods from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Monday, July 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have issued a buy rating to the company. Dicks Sporting Goods presently has a consensus rating of “Hold” and a consensus target price of $35.44.

Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its stake in Dicks Sporting Goods by 67.8% during the 1st quarter. Wells Fargo & Company MN now owns 621,936 shares of the sporting goods retailer’s stock worth $21,798,000 after purchasing an additional 251,303 shares in the last quarter. D.B. Root & Company LLC bought a new stake in Dicks Sporting Goods during the 1st quarter worth approximately $200,000. Contrarius Investment Management Ltd bought a new stake in Dicks Sporting Goods during the 1st quarter worth approximately $43,255,000. Hussman Strategic Advisors Inc. bought a new stake in Dicks Sporting Goods during the 1st quarter worth approximately $701,000. Finally, Mackay Shields LLC bought a new stake in Dicks Sporting Goods during the 1st quarter worth approximately $3,523,000. Institutional investors and hedge funds own 71.19% of the company’s stock.

Dicks Sporting Goods stock traded down $0.10 during trading hours on Friday, reaching $34.55. 1,324,190 shares of the company’s stock traded hands, compared to its average volume of 1,950,729. The company has a current ratio of 1.65, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $38.99. The company has a market cap of $3.55 billion, a PE ratio of 11.48, a PEG ratio of 1.13 and a beta of 0.47.

Dicks Sporting Goods Company Profile

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Read More: Understanding Average Daily Trade Volume

Get a free copy of the Zacks research report on Dicks Sporting Goods (DKS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Brokerages Set The Western Union Company  Price Target at $18.25
Brokerages Set The Western Union Company Price Target at $18.25
CaliphCoin Tops One Day Trading Volume of $0.00
CaliphCoin Tops One Day Trading Volume of $0.00
Analysts Anticipate Acadia Healthcare Company Inc  Will Post Earnings of $0.65 Per Share
Analysts Anticipate Acadia Healthcare Company Inc Will Post Earnings of $0.65 Per Share
Somewhat Negative News Coverage Somewhat Unlikely to Impact BIO-key International  Stock Price
Somewhat Negative News Coverage Somewhat Unlikely to Impact BIO-key International Stock Price
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Burcon Nutrascience  Share Price
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Burcon Nutrascience Share Price
Zacks: Analysts Anticipate Pool Co.  to Announce $1.57 EPS
Zacks: Analysts Anticipate Pool Co. to Announce $1.57 EPS


Leave a Reply

© 2006-2018 Ticker Report. Google+.