Nike (NKE) to Release Earnings on Thursday
Nike (NYSE:NKE) will be releasing its Q114 earnings data on Thursday, September 26th. Analysts expect Nike to post earnings of $0.78 per share and revenue of $6.97 billion for the quarter.
Nike (NYSE:NKE) last released its earnings data on Thursday, June 27th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.01. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter last year, the company posted $1.17 earnings per share. Nike’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect Nike to post $3.02 EPS for the current fiscal year and $3.45 EPS for the next fiscal year.
Nike (NYSE:NKE) opened at 69.43 on Wednesday. Nike has a one year low of $44.825 and a one year high of $70.56. The stock has a 50-day moving average of $65.90 and a 200-day moving average of $62.68. The company has a market cap of $61.817 billion and a P/E ratio of 25.43.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 7th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 29th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Nike (NYSE:NKE) from $68.00 to $75.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at Bank of America Corp. raised their price target on shares of Nike (NYSE:NKE) to $75.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Wedbush raised their price target on shares of Nike (NYSE:NKE) from $58.00 to $64.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock.
Twelve investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $70.76.
In other Nike news, CFO Donald Blair sold 33,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $68.00, for a total value of $2,244,000.00. Following the completion of the transaction, the chief financial officer now directly owns 203,635 shares of the company’s stock, valued at approximately $13,847,180. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NIKE, Inc (NYSE:NKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services.
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