$0.26 Earnings Per Share Expected for Dick’s Sporting Goods Inc (DKS) This Quarter

Brokerages expect Dick’s Sporting Goods Inc (NYSE:DKS) to announce earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Dick’s Sporting Goods’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.22. Dick’s Sporting Goods reported earnings of $0.48 per share in the same quarter last year, which would suggest a negative year over year growth rate of 45.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 21st.

According to Zacks, analysts expect that Dick’s Sporting Goods will report full-year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.81 to $3.54. For the next fiscal year, analysts forecast that the company will report earnings of $2.88 per share, with EPS estimates ranging from $2.68 to $3.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Dick’s Sporting Goods.

Dick’s Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 15th. The sporting goods retailer reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.04). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.16 billion. Dick’s Sporting Goods had a net margin of 3.74% and a return on equity of 19.09%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.82 earnings per share.

DKS has been the subject of several research reports. Citigroup Inc. reissued a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Bank of America Corporation reissued a “buy” rating and issued a $55.00 price objective (down from $65.00) on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. BMO Capital Markets set a $62.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a research report on Tuesday, May 16th. Stifel Nicolaus set a $54.00 price objective on Dick’s Sporting Goods and gave the company a “buy” rating in a research report on Wednesday, May 17th. Finally, B. Riley reissued a “buy” rating and issued a $58.00 price objective on shares of Dick’s Sporting Goods in a research report on Wednesday, May 17th. Four equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.93.

Dick’s Sporting Goods (DKS) traded up 2.32% during mid-day trading on Tuesday, reaching $27.73. 2,047,223 shares of the company traded hands. The stock has a 50 day moving average price of $31.13 and a 200-day moving average price of $41.51. Dick’s Sporting Goods has a 52-week low of $25.94 and a 52-week high of $62.88. The company has a market capitalization of $3.03 billion, a P/E ratio of 9.95 and a beta of 0.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, September 7th. Dick’s Sporting Goods’s dividend payout ratio (DPR) is presently 24.29%.

In other Dick’s Sporting Goods 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 price of $26.25 per share, for a total transaction of $525,000.00. Following the acquisition, the director now directly owns 323,224 shares of the company’s stock, valued at approximately $8,484,630. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.09% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in shares of Dick’s Sporting Goods by 72.2% during the 2nd quarter. Creative Planning now owns 2,667 shares of the sporting goods retailer’s stock valued at $106,000 after purchasing an additional 1,118 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Dick’s Sporting Goods by 30.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Point72 Asia Hong Kong Ltd bought a new position in shares of Dick’s Sporting Goods during the 1st quarter valued at about $114,000. Nordea Investment Management AB lifted its holdings in shares of Dick’s Sporting Goods by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after purchasing an additional 26 shares in the last quarter. Finally, Verity Asset Management Inc. bought a new position in shares of Dick’s Sporting Goods during the 1st quarter valued at about $206,000. Institutional investors and hedge funds own 77.74% of the company’s stock.

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About Dick’s Sporting Goods

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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Earnings History and Estimates for Dick`s Sporting Goods (NYSE:DKS)

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