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%.
WARNING: “Dicks Sporting Goods (DKS) Releases FY 2019 Earnings Guidance” was published by Highlight Press and is the property of of Highlight Press. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://highlightpress.com/2019/03/13/dicks-sporting-goods-dks-releases-fy-2019-earnings-guidance.html.
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.
Recommended Story: Different Types of Derivatives
Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.