Wall Street analysts expect Dick’s Sporting Goods Inc (NYSE:DKS) to report earnings per share of $1.02 for the current quarter, Zacks Investment Research reports. Nine analysts have made estimates for Dick’s Sporting Goods’ earnings. The highest EPS estimate is $1.06 and the lowest is $0.96. Dick’s Sporting Goods reported earnings of $0.82 per share in the same quarter last year, which indicates a positive year over year growth rate of 24.4%. The business is scheduled to issue its next earnings results on Tuesday, August 15th.

On average, analysts expect that Dick’s Sporting Goods will report full year earnings of $3.65 per share for the current year, with EPS estimates ranging from $3.55 to $3.72. For the next financial year, analysts anticipate that the business will report earnings of $3.97 per share, with EPS estimates ranging from $3.80 to $4.22. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Dick’s Sporting Goods.

Dick’s Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Tuesday, May 16th. The sporting goods retailer reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. Dick’s Sporting Goods had a net margin of 3.57% and a return on equity of 18.61%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the business posted $0.50 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Several equities research analysts have issued reports on DKS shares. B. Riley reiterated a “buy” rating and set a $58.00 price objective on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Cowen and Company set a $55.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Monness Crespi & Hardt reiterated a “buy” rating and set a $52.00 price objective (down from $60.00) on shares of Dick’s Sporting Goods in a research note on Wednesday, May 17th. Canaccord Genuity reiterated a “buy” rating and set a $67.00 price objective on shares of Dick’s Sporting Goods in a research note on Monday, May 8th. Finally, Stifel Nicolaus set a $54.00 price objective on shares of Dick’s Sporting Goods and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Dick’s Sporting Goods presently has an average rating of “Hold” and an average target price of $55.81.

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Institutional investors have recently added to or reduced their stakes in the company. Somerset Trust Co raised its position in Dick’s Sporting Goods by 0.4% in the second quarter. Somerset Trust Co now owns 7,233 shares of the sporting goods retailer’s stock valued at $288,000 after buying an additional 30 shares in the last quarter. LS Investment Advisors LLC raised its position in Dick’s Sporting Goods by 0.3% in the first quarter. LS Investment Advisors LLC now owns 9,562 shares of the sporting goods retailer’s stock valued at $465,000 after buying an additional 31 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in Dick’s Sporting Goods by 0.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 40,750 shares of the sporting goods retailer’s stock valued at $1,983,000 after buying an additional 130 shares in the last quarter. US Bancorp DE raised its position in Dick’s Sporting Goods by 0.8% in the second quarter. US Bancorp DE now owns 22,635 shares of the sporting goods retailer’s stock valued at $901,000 after buying an additional 174 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its position in Dick’s Sporting Goods by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,233 shares of the sporting goods retailer’s stock valued at $1,519,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.

Dick’s Sporting Goods (DKS) opened at 37.97 on Monday. The stock has a 50 day moving average of $38.36 and a 200 day moving average of $45.85. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 14.71 and a beta of 0.47. Dick’s Sporting Goods has a one year low of $34.55 and a one year high of $62.88.

Dick’s Sporting Goods Company Profile

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

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Earnings History and Estimates for Dick`s Sporting Goods (NYSE:DKS)

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