The Dicks Sporting Goods Inc (DKS) Releases Q2 Earnings Guidance

The Dicks Sporting Goods Inc (DKS) Releases Q2 Earnings Guidance

Dicks Sporting Goods Inc (DKS) opened at 41.01 on Monday. The stock has a market cap of $4.61 billion, a PE ratio of 15.88 and a beta of 0.65. The stock has a 50 day moving average price of $47.08 and a 200 day moving average price of $51.39. Dicks Sporting Goods Inc has a 1-year low of $39.54 and a 1-year high of $62.88.

Dicks Sporting Goods Inc (NYSE:DKS) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.02-1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.99. Dicks Sporting Goods also updated its FY18 guidance to $3.65-3.75 EPS.

Dicks Sporting Goods (NYSE:DKS) last issued its earnings results on Tuesday, May 16th. The sporting goods retailer reported $0.54 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.54. Dicks Sporting Goods had a net margin of 4.25% and a return on equity of 18.15%. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Dicks Sporting Goods Inc will post $3.69 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.66%. Dicks Sporting Goods’s dividend payout ratio (DPR) is presently 21.11%. A number of brokerages have issued reports on DKS. MKM Partners reaffirmed a buy rating and issued a $67.00 target price on shares of Dicks Sporting Goods in a report on Tuesday, March 7th. Stifel Nicolaus set a $54.00 price objective on shares of Dicks Sporting Goods and gave the stock a buy rating in a research note on Wednesday, May 17th. Credit Suisse Group AG set a $55.00 price objective on shares of Dicks Sporting Goods and gave the stock a hold rating in a research note on Wednesday, March 8th. B. Riley reissued a buy rating and set a $64.00 price objective on shares of Dicks Sporting Goods in a research note on Friday, May 12th. Finally, Oppenheimer Holdings Inc. reissued a hold rating on shares of Dicks Sporting Goods in a research note on Saturday, May 13th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $57.91.

Dicks Sporting Goods Company Profile Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DKS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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