Brokerages expect Dicks Sporting Goods Inc (NYSE:DKS) to report $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Dicks Sporting Goods’ earnings, with estimates ranging from $0.53 to $0.64. Dicks Sporting Goods also reported earnings per share of $0.59 during the same quarter last year. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, May 29th.
According to Zacks, analysts expect that Dicks Sporting Goods will report full year earnings of $3.26 per share for the current year, with EPS estimates ranging from $3.19 to $3.31. For the next year, analysts expect that the firm will post earnings of $3.43 per share, with EPS estimates ranging from $3.27 to $3.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Dicks Sporting Goods.
Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.07. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.48 billion. Dicks Sporting Goods had a net margin of 3.79% and a return on equity of 16.88%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted $1.22 earnings per share.
Hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. bought a new position in Dicks Sporting Goods in the 4th quarter worth $14,913,000. Foster & Motley Inc. bought a new position in shares of Dicks Sporting Goods in the 4th quarter valued at about $1,033,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Dicks Sporting Goods by 0.8% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 189,140 shares of the sporting goods retailer’s stock valued at $5,901,000 after acquiring an additional 1,559 shares during the last quarter. Ffcm LLC lifted its holdings in shares of Dicks Sporting Goods by 401.3% in the 4th quarter. Ffcm LLC now owns 20,829 shares of the sporting goods retailer’s stock valued at $650,000 after acquiring an additional 16,674 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in shares of Dicks Sporting Goods in the 4th quarter valued at about $4,015,000. 82.58% of the stock is currently owned by institutional investors.
Shares of NYSE:DKS traded up $0.03 during trading on Thursday, reaching $36.00. 50,297 shares of the company were exchanged, compared to its average volume of 2,218,385. The firm has a market cap of $3.45 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.87 and a beta of 0.55. Dicks Sporting Goods has a 12-month low of $29.69 and a 12-month high of $41.21. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.20 and a current ratio of 1.41.
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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