Dicks Sporting Goods (DKS) Releases FY 2019 Earnings Guidance

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Dicks Sporting Goods (NYSE:DKS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.15-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.35.

Dicks Sporting Goods stock opened at $38.89 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 1.61 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.92, a PEG ratio of 1.80 and a beta of 0.54. Dicks Sporting Goods has a 12 month low of $29.53 and a 12 month high of $40.87.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.275 dividend. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.23. The ex-dividend date is Thursday, March 14th. This represents a $1.10 annualized dividend and a yield of 2.83%. Dicks Sporting Goods’s dividend payout ratio is 29.90%.

Several equities analysts have commented on DKS shares. Citigroup cut Dicks Sporting Goods from a buy rating to a neutral rating and set a $40.00 price target for the company. in a report on Monday, December 3rd. JPMorgan Chase & Co. cut Dicks Sporting Goods from an overweight rating to a neutral rating and cut their price target for the company from $46.00 to $41.00 in a report on Thursday, November 29th. Argus upped their price target on Dicks Sporting Goods from $40.00 to $42.00 and gave the company a buy rating in a report on Tuesday, December 11th. Canaccord Genuity set a $54.00 price target on Dicks Sporting Goods and gave the company a buy rating in a report on Thursday, December 20th. Finally, ValuEngine upgraded Dicks Sporting Goods from a sell rating to a hold rating in a research note on Wednesday, January 2nd. Thirteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $41.11.

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About Dicks Sporting Goods

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

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