Dicks Sporting Goods (DKS) Releases FY 2019 Earnings Guidance

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Dicks Sporting Goods (NYSE:DKS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.15-3.35 for the period, compared to the Thomson Reuters consensus estimate of $3.35.

A number of brokerages have recently issued reports on DKS. JPMorgan Chase & Co. cut shares of Dicks Sporting Goods from an overweight rating to a neutral rating and dropped their target price for the company from $46.00 to $41.00 in a report on Thursday, November 29th. Royal Bank of Canada upped their target price on shares of Dicks Sporting Goods to $38.00 and gave the company a market perform rating in a report on Thursday, November 29th. Robert W. Baird upped their target price on shares of Dicks Sporting Goods from $39.00 to $40.00 and gave the company a neutral rating in a report on Wednesday, November 28th. They noted that the move was a valuation call. ValuEngine raised shares of Dicks Sporting Goods from a sell rating to a hold rating in a report on Wednesday, November 28th. Finally, Argus upped their target price on shares of Dicks Sporting Goods from $40.00 to $42.00 and gave the company a buy rating in a report on Tuesday, December 11th. Thirteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Dicks Sporting Goods has an average rating of Hold and a consensus target price of $40.95.

Shares of DKS stock opened at $34.61 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.82 billion, a PE ratio of 11.50, a PEG ratio of 1.80 and a beta of 0.54. Dicks Sporting Goods has a 52-week low of $29.53 and a 52-week high of $40.87.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.01. The firm had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Dicks Sporting Goods had a net margin of 3.87% and a return on equity of 18.10%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 EPS. As a group, equities analysts forecast that Dicks Sporting Goods will post 3.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be issued a $0.275 dividend. This is a boost from Dicks Sporting Goods’s previous quarterly dividend of $0.23. This represents a $1.10 annualized dividend and a yield of 3.18%. The ex-dividend date is Thursday, March 14th. Dicks Sporting Goods’s dividend payout ratio is currently 29.90%.

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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 for scheduling, 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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