Brokerages Anticipate Dicks Sporting Goods Inc (DKS) to Post $1.17 EPS

Equities analysts forecast that Dicks Sporting Goods Inc (NYSE:DKS) will announce $1.17 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Dicks Sporting Goods’ earnings, with estimates ranging from $1.08 to $1.24. Dicks Sporting Goods posted earnings of $1.32 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 11.4%. The business is scheduled to announce its next earnings results on Tuesday, March 6th.

On average, analysts expect that Dicks Sporting Goods will report full year earnings of $2.96 per share for the current year, with EPS estimates ranging from $2.88 to $3.02. For the next fiscal year, analysts anticipate that the company will report earnings of $2.49 per share, with EPS estimates ranging from $2.38 to $2.82. Zacks Investment Research’s 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 posted its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. The business had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.48 EPS.

Several equities research analysts have commented on the stock. Oppenheimer reissued a “hold” rating on shares of Dicks Sporting Goods in a research report on Tuesday, November 14th. Susquehanna Bancshares cut their price target on shares of Dicks Sporting Goods from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, November 10th. Cowen cut shares of Dicks Sporting Goods from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $31.00 to $28.00 in a research report on Thursday, August 24th. Forward View raised shares of Dicks Sporting Goods from a “sell” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Thursday, November 16th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Dicks Sporting Goods in a report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.28.

Dicks Sporting Goods (DKS) traded down $0.33 on Friday, reaching $29.27. 3,074,406 shares of the company traded hands, compared to its average volume of 3,066,716. The company has a market cap of $3,108.78, a PE ratio of 9.28, a P/E/G ratio of 1.58 and a beta of 0.57. Dicks Sporting Goods has a 1-year low of $23.88 and a 1-year high of $58.29. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, December 7th. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 25.09%.

Large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. grew its holdings in Dicks Sporting Goods by 30.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after purchasing an additional 653 shares during the period. HPM Partners LLC acquired a new position in shares of Dicks Sporting Goods during the second quarter valued at about $272,000. Toronto Dominion Bank grew its holdings in shares of Dicks Sporting Goods by 169.2% during the third quarter. Toronto Dominion Bank now owns 4,657 shares of the sporting goods retailer’s stock valued at $126,000 after buying an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of Dicks Sporting Goods during the third quarter valued at about $132,000. Finally, Nordea Investment Management AB grew its holdings in shares of Dicks Sporting Goods by 0.5% during the second quarter. Nordea Investment Management AB now owns 5,106 shares of the sporting goods retailer’s stock valued at $203,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 72.81% of the company’s stock.

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About Dicks 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 Dicks Sporting Goods (NYSE:DKS)

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