Nike (NKE) to Release Quarterly Earnings on Thursday
Nike (NYSE:NKE) is scheduled to announce its Q414 earnings results on Thursday, June 26th. Analysts expect the company to announce earnings of $0.75 per share and revenue of $7.34 billion for the quarter.
Nike (NYSE:NKE) opened at 74.98 on Wednesday. Nike has a one year low of $59.95 and a one year high of $80.26. The stock’s 50-day moving average is $74.93 and its 200-day moving average is $75.27. The company has a market cap of $65.843 billion and a P/E ratio of 25.76. Nike also was the recipient of some unusual options trading on Monday. Stock investors purchased 21,174 call options on the stock. This represents an increase of approximately 188% compared to the average daily volume of 7,349 call options.
The company also recently announced a quarterly dividend, which is scheduled for Monday, July 7th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Thursday, May 29th.
A number of analysts have recently weighed in on NKE shares. Analysts at Erste Group upgraded shares of Nike to a “buy” rating in a research note on Monday, May 5th. On the ratings front, analysts at Macquarie upgraded shares of Nike from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. They now have a $84.00 price target on the stock, up previously from $80.00. They noted that the move was a valuation call. Finally, analysts at Stifel Nicolaus upgraded shares of Nike from a “hold” rating to a “buy” rating in a research note on Tuesday, April 8th. They now have a $87.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $80.22.
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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