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.
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.
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