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

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

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Dicks Sporting Goods from a hold rating to a buy rating and set a $36.00 price target on the stock in a research note on Monday, July 1st. ValuEngine downgraded Dicks Sporting Goods from a sell rating to a strong sell rating in a research note on Thursday, August 1st. TheStreet downgraded Dicks Sporting Goods from a b rating to a c+ rating in a research note on Thursday, June 20th. Bank of America set a $40.00 price target on Dicks Sporting Goods and gave the stock a hold rating in a research note on Thursday, May 30th. Finally, Goldman Sachs Group assumed coverage on Dicks Sporting Goods in a research note on Thursday, July 11th. They issued a neutral rating and a $38.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $40.13.

Shares of DKS opened at $34.65 on Thursday. The business’s fifty day simple moving average is $35.35 and its two-hundred day simple moving average is $36.30. The company has a current ratio of 1.31, a quick ratio of 0.16 and a debt-to-equity ratio of 1.67. Dicks Sporting Goods has a 12 month low of $29.69 and a 12 month high of $41.21. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 1.76 and a beta of 0.57.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results 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 return on equity of 16.95% and a net margin of 3.76%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the business posted $1.20 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. As a group, research analysts forecast that Dicks Sporting Goods will post 3.33 EPS for the current year.

Dicks Sporting Goods Company Profile

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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