$0.86 EPS Expected for NIKE, Inc. (NYSE:NKE) This Quarter

Equities research analysts forecast that NIKE, Inc. (NYSE:NKEGet Rating) will post earnings of $0.86 per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for NIKE’s earnings, with estimates ranging from $0.73 to $0.95. NIKE reported earnings per share of $0.93 in the same quarter last year, which indicates a negative year-over-year growth rate of 7.5%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that NIKE will report full year earnings of $3.72 per share for the current year, with EPS estimates ranging from $3.58 to $3.90. For the next financial year, analysts expect that the firm will report earnings of $4.61 per share, with EPS estimates ranging from $4.22 to $5.00. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover NIKE.

NIKE (NYSE:NKEGet Rating) last posted its quarterly earnings results on Monday, March 21st. The footwear maker reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.16. NIKE had a return on equity of 43.04% and a net margin of 13.06%. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.61 billion. During the same period last year, the firm earned $0.90 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis.

Several equities research analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and issued a $163.00 target price on shares of NIKE in a report on Tuesday, March 22nd. BMO Capital Markets reduced their target price on NIKE from $170.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, March 22nd. The Goldman Sachs Group set a $177.00 target price on NIKE in a report on Tuesday, March 22nd. Barclays lifted their target price on NIKE from $185.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, December 22nd. Finally, Telsey Advisory Group dropped their price target on NIKE from $190.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, March 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, NIKE has an average rating of “Buy” and a consensus price target of $170.86.

Shares of NKE stock opened at $133.46 on Tuesday. NIKE has a 12-month low of $116.75 and a 12-month high of $179.10. The company has a current ratio of 3.06, a quick ratio of 2.18 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $133.65 and its 200-day moving average price is $151.12. The stock has a market capitalization of $211.04 billion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.46 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Monday, March 7th were issued a $0.305 dividend. This represents a $1.22 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, March 4th. NIKE’s payout ratio is presently 32.19%.

In other NIKE news, Chairman Mark G. Parker sold 100,000 shares of NIKE stock in a transaction dated Wednesday, January 26th. The stock was sold at an average price of $146.39, for a total value of $14,639,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of NKE. OLD Mission Capital LLC purchased a new stake in NIKE in the 3rd quarter worth approximately $338,000. Morgan Stanley grew its holdings in NIKE by 3.2% during the second quarter. Morgan Stanley now owns 17,340,384 shares of the footwear maker’s stock valued at $2,678,912,000 after purchasing an additional 543,451 shares during the period. Jag Capital Management LLC purchased a new stake in shares of NIKE in the third quarter worth about $11,860,000. Jackson Square Capital LLC increased its stake in NIKE by 0.5% during the third quarter. Jackson Square Capital LLC now owns 14,975 shares of the footwear maker’s stock worth $2,175,000 after acquiring an additional 68 shares during the last quarter. Finally, Mosaic Family Wealth LLC grew its stake in shares of NIKE by 2.2% during the third quarter. Mosaic Family Wealth LLC now owns 37,177 shares of the footwear maker’s stock valued at $5,399,000 after buying an additional 798 shares during the last quarter. 64.58% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Company Profile (Get Rating)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories, including running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling, and other outdoor activities; and apparel with licensed college and professional team, and league logos, as well as sells sports apparel.

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Earnings History and Estimates for NIKE (NYSE:NKE)

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