Dicks Sporting Goods (NYSE:DKS) Updates FY 2019 Earnings Guidance

Dicks Sporting Goods (NYSE:DKS) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.31. Dicks Sporting Goods also updated its FY20 guidance to ~$3.30-3.45 EPS.

Several brokerages recently weighed in on DKS. Zacks Investment Research raised shares of Dicks Sporting Goods from a hold rating to a buy rating and set a $36.00 target price for the company in a report on Monday, July 1st. Bank of America set a $40.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a report on Thursday, May 30th. ValuEngine downgraded shares of Dicks Sporting Goods from a sell rating to a strong sell rating in a report on Thursday, August 1st. UBS Group increased their price objective on shares of Dicks Sporting Goods from $36.00 to $37.00 and gave the company a neutral rating in a report on Friday. Finally, Goldman Sachs Group initiated coverage on shares of Dicks Sporting Goods in a report on Thursday, July 11th. They set a neutral rating and a $38.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of Hold and a consensus price target of $39.80.

DKS opened at $32.37 on Friday. The firm has a 50-day simple moving average of $35.26 and a two-hundred day simple moving average of $36.28. Dicks Sporting Goods has a 52 week low of $29.69 and a 52 week high of $41.21. The company has a market capitalization of $3.14 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 1.82 and a beta of 0.57. The company has a quick ratio of 0.16, a current ratio of 1.28 and a debt-to-equity ratio of 1.73.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Thursday, August 22nd. The sporting goods retailer reported $1.26 EPS for the quarter, beating the consensus estimate of $1.21 by $0.05. Dicks Sporting Goods had a net margin of 3.64% and a return on equity of 16.96%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. The business’s revenue was up 3.8% on a year-over-year basis. As a group, sell-side analysts expect that Dicks Sporting Goods will post 3.39 earnings per share for the current year.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

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

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