Dicks Sporting Goods (DKS) Updates FY19 Earnings Guidance

Dicks Sporting Goods (NYSE:DKS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.80-3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.90.

Dicks Sporting Goods (NYSE DKS) opened at $32.88 on Wednesday. The firm has a market cap of $3,497.04, a PE ratio of 12.13, a P/E/G ratio of 1.90 and a beta of 0.56. Dicks Sporting Goods has a 12 month low of $23.88 and a 12 month high of $52.31. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.73 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. Dicks Sporting Goods’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $1.32 EPS. equities analysts anticipate that Dicks Sporting Goods will post 3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.225 dividend. The ex-dividend date is Thursday, March 8th. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.17. This represents a $0.90 dividend on an annualized basis and a yield of 2.74%. Dicks Sporting Goods’s dividend payout ratio (DPR) is currently 33.21%.

DKS has been the topic of a number of research reports. Forward View raised shares of Dicks Sporting Goods from a sell rating to a buy rating and set a $30.00 price target on the stock in a research note on Thursday, November 16th. Citigroup raised shares of Dicks Sporting Goods from a neutral rating to a buy rating and raised their price target for the company from $28.00 to $35.00 in a research note on Tuesday, December 19th. BMO Capital Markets set a $40.00 price objective on shares of Dicks Sporting Goods and gave the company a buy rating in a report on Thursday, January 11th. Deutsche Bank upgraded shares of Dicks Sporting Goods from a hold rating to a buy rating and increased their price objective for the company from $33.00 to $39.00 in a report on Friday, January 12th. Finally, Buckingham Research upgraded shares of Dicks Sporting Goods from a neutral rating to a buy rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $33.96.

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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.

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

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