Nike (NKE) Set to Announce Quarterly Earnings on Thursday

Nike (NYSE:NKE) is scheduled to announce its earnings results after the market closes on Thursday, June 27th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

NYSE:NKE opened at $82.62 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.43 and a current ratio of 2.17. The stock has a market capitalization of $134.78 billion, a P/E ratio of 34.14, a P/E/G ratio of 2.20 and a beta of 0.76. Nike has a fifty-two week low of $66.53 and a fifty-two week high of $90.00. The stock’s 50 day moving average is $82.81.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, May 31st. Nike’s dividend payout ratio is currently 36.36%.

In related news, EVP John F. Slusher sold 110,000 shares of Nike stock in a transaction on Monday, April 1st. The shares were sold at an average price of $85.02, for a total transaction of $9,352,200.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric D. Sprunk sold 40,004 shares of Nike stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $87.82, for a total transaction of $3,513,151.28. The disclosure for this sale can be found here. Insiders own 3.90% of the company’s stock.

A number of equities analysts have weighed in on NKE shares. Piper Jaffray Companies set a $93.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley set a $103.00 target price on shares of Nike and gave the company a “buy” rating in a research note on Friday, March 22nd. Cowen set a $90.00 target price on shares of Nike and gave the company a “buy” rating in a research note on Friday, March 22nd. Nomura raised their target price on shares of Nike from $85.00 to $91.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Finally, Credit Suisse Group reissued a “buy” rating and issued a $97.00 target price on shares of Nike in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $87.81.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Earnings History for Nike (NYSE:NKE)

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