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 $2.77, AmericanBankingNews.com reports. Dicks Sporting Goods also updated its Q3 guidance to $0.38-0.42 EPS.
Shares of Dicks Sporting Goods Inc (NYSE:DKS) opened at 43.51 on Tuesday. Dicks Sporting Goods Inc has a 52 week low of $41.30 and a 52 week high of $58.87. The stock’s 50-day moving average is $44.02 and its 200-day moving average is $49.11. The company has a market cap of $5.336 billion and a P/E ratio of 15.67. Dicks Sporting Goods also saw some unusual options trading activity on Monday. Stock investors bought 6,443 put options on the stock. This represents an increase of 781% compared to the average daily volume of 731 put options.
Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.02. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the company posted $0.71 earnings per share. Dicks Sporting Goods’s revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Dicks Sporting Goods Inc will post $2.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.15%.
A number of analysts have recently weighed in on DKS shares. Analysts at RBC Capital cut their price target on shares of Dicks Sporting Goods from $49.00 to $46.00 in a research note on Monday, August 11th. They now have a sector perform rating on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Dicks Sporting Goods in a research note on Tuesday, June 24th. They set an equal weight rating and a $50.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Dicks Sporting Goods in a research note on Monday, June 16th. Thirteen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $52.19.
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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