Big 5 Sporting Goods (NASDAQ:BGFV) Releases Q2 2024 Earnings Guidance

Big 5 Sporting Goods (NASDAQ:BGFV) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of -0.550–0.400 for the period. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BGFV. StockNews.com upgraded shares of Big 5 Sporting Goods from a sell rating to a hold rating in a report on Friday. TheStreet lowered shares of Big 5 Sporting Goods from a c rating to a d+ rating in a research note on Wednesday, February 28th.

Big 5 Sporting Goods Stock Down 3.0 %

NASDAQ:BGFV traded down $0.11 on Tuesday, hitting $3.54. The stock had a trading volume of 358,204 shares, compared to its average volume of 398,892. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 1.63. The stock has a market cap of $79.44 million, a P/E ratio of -10.73 and a beta of 2.35. Big 5 Sporting Goods has a 1 year low of $3.00 and a 1 year high of $9.99. The firm’s fifty day simple moving average is $3.79 and its two-hundred day simple moving average is $5.15.

Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.39) by ($0.02). The firm had revenue of $196.35 million during the quarter. Big 5 Sporting Goods had a negative net margin of 0.80% and a negative return on equity of 2.77%.

Big 5 Sporting Goods Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date of this dividend was Thursday, March 7th. Big 5 Sporting Goods’s dividend payout ratio is currently -60.61%.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. Its products include athletic shoes, apparel, and accessories. The company also offers a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, and winter and summer recreation, as well as home recreation.