Dicks Sporting Goods Inc (DKS) Issues FY15 Earnings Guidance
Dicks Sporting Goods Inc (NYSE:DKS) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.70-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.08, Analyst RN reports. Dicks Sporting Goods also updated its Q2 guidance to $0.62-0.67 EPS.
Shares of Dicks Sporting Goods Inc (NYSE:DKS) opened at 53.16 on Tuesday. Dicks Sporting Goods Inc has a 52 week low of $45.67 and a 52 week high of $58.87. The stock’s 50-day moving average is $52.77 and its 200-day moving average is $54.24. The company has a market cap of $6.584 billion and a price-to-earnings ratio of 19.17. Dicks Sporting Goods also saw unusually large options trading on Monday. Investors acquired 13,017 call options on the stock. This is an increase of approximately 787% compared to the average daily volume of 1,467 call options.
Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.53 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Dicks Sporting Goods Inc will post $3.08 earnings per share for the current fiscal year.
A number of research firms have recently commented on DKS. Analysts at CRT Capital initiated coverage on shares of Dicks Sporting Goods in a research note on Wednesday, May 14th. They set a buy rating and a $65.00 price target on the stock. On a related note, analysts at Wells Fargo & Co. reiterated an outperform rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Dicks Sporting Goods in a research note on Monday, May 12th. They now have a $66.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of Buy and a consensus target price of $59.16.
DICK’S Sporting Goods, Inc is a sports and fitness specialty omni-channel retailer offering a range of brand name sporting goods equipment, apparel and footwear in a specialty store environment.
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