$1.17 EPS Expected for Dick’s Sporting Goods Inc (DKS) This Quarter

Wall Street brokerages expect that Dick’s Sporting Goods Inc (NYSE:DKS) will post $1.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Dick’s Sporting Goods’ earnings, with the lowest EPS estimate coming in at $1.08 and the highest estimate coming in at $1.24. Dick’s Sporting Goods posted earnings of $1.32 per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.4%. The business is scheduled to issue its next quarterly earnings report on Tuesday, March 6th.

According to Zacks, analysts expect that Dick’s Sporting Goods will report full year earnings of $2.96 per share for the current fiscal year, with EPS estimates ranging from $2.88 to $3.02. For the next financial year, analysts forecast that the business will report earnings of $2.48 per share, with EPS estimates ranging from $2.36 to $2.82. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Dick’s Sporting Goods.

Dick’s Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Tuesday, November 14th. The sporting goods retailer reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dick’s Sporting Goods had a return on equity of 17.95% and a net margin of 3.54%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share.

Several equities research analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $28.00 price target on shares of Dick’s Sporting Goods in a report on Thursday. Cowen restated a “hold” rating and issued a $28.00 price target on shares of Dick’s Sporting Goods in a report on Friday, November 3rd. Oppenheimer restated a “hold” rating on shares of Dick’s Sporting Goods in a report on Thursday, August 24th. Bank of America lowered their price target on Dick’s Sporting Goods from $35.00 to $30.00 and set a “neutral” rating for the company in a report on Wednesday, November 15th. Finally, Citigroup lowered their price target on Dick’s Sporting Goods from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.92.

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Dick’s Sporting Goods by 30.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,823 shares of the sporting goods retailer’s stock worth $113,000 after buying an additional 653 shares during the period. Toronto Dominion Bank boosted its position in Dick’s 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 purchasing an additional 2,927 shares during the last quarter. Valeo Financial Advisors LLC acquired a new position in Dick’s Sporting Goods during the third quarter valued at approximately $132,000. Nordea Investment Management AB boosted its position in Dick’s 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 purchasing an additional 26 shares during the last quarter. Finally, QS Investors LLC boosted its position in Dick’s Sporting Goods by 57,533.3% during the second quarter. QS Investors LLC now owns 5,187 shares of the sporting goods retailer’s stock valued at $207,000 after purchasing an additional 5,178 shares during the last quarter. 72.96% of the stock is owned by institutional investors.

Shares of Dick’s Sporting Goods (NYSE DKS) opened at $28.95 on Friday. Dick’s Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $59.63. The company has a market capitalization of $3,248.94, a PE ratio of 9.70, a P/E/G ratio of 1.65 and a beta of 0.57. 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. The ex-dividend date is Thursday, December 7th. This represents a $0.68 annualized dividend and a dividend yield of 2.35%. Dick’s Sporting Goods’s dividend payout ratio is currently 25.09%.

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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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