Wall Street brokerages forecast that Big 5 Sporting Goods Corporation (NASDAQ:BGFV) will announce $262.26 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Big 5 Sporting Goods’ earnings, with the lowest sales estimate coming in at $259.60 million and the highest estimate coming in at $264.91 million. Big 5 Sporting Goods posted sales of $266.28 million during the same quarter last year, which suggests a negative year over year growth rate of 1.5%. The firm is expected to report its next earnings results on Tuesday, February 27th.
On average, analysts expect that Big 5 Sporting Goods will report full-year sales of $262.26 million for the current financial year. For the next financial year, analysts expect that the business will report sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Big 5 Sporting Goods.
Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. Big 5 Sporting Goods had a return on equity of 10.37% and a net margin of 2.11%. The firm had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. During the same period last year, the company earned $0.38 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis.
In related news, Director Van B. Honeycutt acquired 43,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were purchased at an average cost of $7.26 per share, with a total value of $312,180.00. Following the transaction, the director now directly owns 18,600 shares in the company, valued at $135,036. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 7.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of BGFV. BNP Paribas Arbitrage SA lifted its holdings in Big 5 Sporting Goods by 45.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after purchasing an additional 2,482 shares in the last quarter. Alliancebernstein L.P. purchased a new position in Big 5 Sporting Goods in the 2nd quarter worth approximately $133,000. Texas Permanent School Fund lifted its holdings in Big 5 Sporting Goods by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 13,102 shares of the company’s stock worth $171,000 after purchasing an additional 185 shares in the last quarter. Connors Investor Services Inc. lifted its holdings in Big 5 Sporting Goods by 18.2% in the 2nd quarter. Connors Investor Services Inc. now owns 16,236 shares of the company’s stock worth $212,000 after purchasing an additional 2,500 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Big 5 Sporting Goods by 27.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock worth $219,000 after purchasing an additional 3,625 shares in the last quarter.
Big 5 Sporting Goods (NASDAQ BGFV) traded down $0.02 during midday trading on Friday, reaching $7.65. The company had a trading volume of 517,320 shares, compared to its average volume of 1,050,000. Big 5 Sporting Goods has a 52 week low of $6.00 and a 52 week high of $17.90. The company has a market cap of $163.38, a P/E ratio of 7.65 and a beta of -0.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.07 and a quick ratio of 0.16.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.60 annualized dividend and a yield of 7.84%. Big 5 Sporting Goods’s payout ratio is 60.00%.
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Big 5 Sporting Goods Company Profile
Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.
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