Equities research analysts expect that Big 5 Sporting Goods Co. (NASDAQ:BGFV) will announce $262.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Big 5 Sporting Goods’ earnings, with the highest sales estimate coming in at $264.91 million and the lowest estimate coming in at $259.60 million. Big 5 Sporting Goods reported sales of $266.28 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.5%. The business is expected to report its next quarterly 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 forecast that the company will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Big 5 Sporting Goods.
Big 5 Sporting Goods (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The firm had revenue of $270.47 million for the quarter, compared to analyst estimates of $272.27 million. Big 5 Sporting Goods had a net margin of 2.11% and a return on equity of 10.37%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share.
In other news, Director Van B. Honeycutt acquired 43,000 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average cost of $7.26 per share, for a total transaction of $312,180.00. Following the transaction, the director now owns 18,600 shares in the company, valued at approximately $135,036. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 7.90% of the company’s stock.
Large investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its stake in shares of Big 5 Sporting Goods by 45.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock valued at $104,000 after buying an additional 2,482 shares during the period. Alliancebernstein L.P. acquired a new stake in shares of Big 5 Sporting Goods during the 2nd quarter valued at $133,000. Private Advisor Group LLC acquired a new stake in shares of Big 5 Sporting Goods during the 3rd quarter valued at $165,000. Connors Investor Services Inc. boosted its stake in shares of Big 5 Sporting Goods by 18.2% during the 2nd quarter. Connors Investor Services Inc. now owns 16,236 shares of the company’s stock valued at $212,000 after buying an additional 2,500 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Big 5 Sporting Goods by 27.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,874 shares of the company’s stock valued at $219,000 after buying an additional 3,625 shares during the period.
Big 5 Sporting Goods (NASDAQ:BGFV) opened at $7.85 on Tuesday. 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 stock has a market cap of $168.20, a P/E ratio of 7.85 and a beta of -0.07. Big 5 Sporting Goods has a 12-month low of $6.00 and a 12-month high of $17.10.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 7.64%. The ex-dividend date of this dividend was Thursday, November 30th. 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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