Zacks: Analysts Anticipate DICK’S Sporting Goods, Inc. (NYSE:DKS) Will Announce Earnings of $4.12 Per Share

Wall Street brokerages predict that DICK’S Sporting Goods, Inc. (NYSE:DKSGet Rating) will post earnings per share (EPS) of $4.12 for the current quarter, according to Zacks. Seven analysts have provided estimates for DICK’S Sporting Goods’ earnings. The lowest EPS estimate is $3.73 and the highest is $4.53. DICK’S Sporting Goods reported earnings of $5.08 per share in the same quarter last year, which would indicate a negative year over year growth rate of 18.9%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that DICK’S Sporting Goods will report full-year earnings of $12.50 per share for the current financial year, with EPS estimates ranging from $11.70 to $12.96. For the next year, analysts expect that the business will post earnings of $12.91 per share, with EPS estimates ranging from $10.78 to $13.90. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for DICK’S Sporting Goods.

DICK’S Sporting Goods (NYSE:DKSGet Rating) last issued its quarterly earnings data on Wednesday, May 25th. The sporting goods retailer reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.43. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.63 billion. DICK’S Sporting Goods had a net margin of 12.36% and a return on equity of 60.28%. DICK’S Sporting Goods’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.79 earnings per share.

DKS has been the subject of several recent research reports. OTR Global downgraded shares of DICK’S Sporting Goods to a “positive” rating in a research report on Wednesday, May 18th. Truist Financial upped their price objective on shares of DICK’S Sporting Goods from $168.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, March 9th. Stifel Nicolaus reduced their price objective on shares of DICK’S Sporting Goods from $113.00 to $75.00 in a research report on Thursday. DA Davidson reduced their target price on shares of DICK’S Sporting Goods from $165.00 to $147.00 in a research report on Wednesday, March 9th. Finally, Wedbush dropped their price target on shares of DICK’S Sporting Goods from $140.00 to $110.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $121.61.

In other DICK’S Sporting Goods news, SVP Julie Lodge-Jarrett sold 9,139 shares of the company’s stock in a transaction that occurred on Tuesday, March 15th. The shares were sold at an average price of $109.02, for a total value of $996,333.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee J. Belitsky sold 36,473 shares of the company’s stock in a transaction that occurred on Thursday, March 17th. The stock was sold at an average price of $111.25, for a total transaction of $4,057,621.25. The disclosure for this sale can be found here. Insiders have sold 190,886 shares of company stock valued at $20,211,002 over the last 90 days. 32.83% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of DKS. Squarepoint Ops LLC lifted its holdings in shares of DICK’S Sporting Goods by 453.6% in the third quarter. Squarepoint Ops LLC now owns 300,484 shares of the sporting goods retailer’s stock worth $35,989,000 after buying an additional 246,201 shares in the last quarter. Sepio Capital LP lifted its holdings in shares of DICK’S Sporting Goods by 21.0% in the fourth quarter. Sepio Capital LP now owns 32,564 shares of the sporting goods retailer’s stock worth $3,745,000 after buying an additional 5,654 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of DICK’S Sporting Goods in the fourth quarter worth $14,713,000. O Shaughnessy Asset Management LLC lifted its holdings in shares of DICK’S Sporting Goods by 3.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 6,356 shares of the sporting goods retailer’s stock worth $731,000 after buying an additional 183 shares in the last quarter. Finally, Aviva PLC purchased a new position in shares of DICK’S Sporting Goods in the third quarter worth $1,447,000. Institutional investors and hedge funds own 78.92% of the company’s stock.

Shares of NYSE DKS traded up $4.82 during trading on Thursday, hitting $82.96. 88,718 shares of the company traded hands, compared to its average volume of 2,240,669. The business’s fifty day moving average is $98.49 and its 200 day moving average is $108.36. DICK’S Sporting Goods has a fifty-two week low of $63.45 and a fifty-two week high of $147.39. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 5.96, a P/E/G ratio of 1.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.88.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, June 10th will be given a dividend of $0.488 per share. The ex-dividend date is Thursday, June 9th. This represents a $1.95 annualized dividend and a yield of 2.35%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 14.05%.

DICK’S Sporting Goods Company Profile (Get Rating)

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the eastern United States. The company provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.

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Earnings History and Estimates for DICK'S Sporting Goods (NYSE:DKS)

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