Brokerages expect Big 5 Sporting Goods Corporation (NASDAQ:BGFV) to report sales of $271.38 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Big 5 Sporting Goods Corporation’s earnings. The lowest sales estimate is $270.60 million and the highest is $272.00 million. Big 5 Sporting Goods Corporation posted sales of $279.02 million during the same quarter last year, which would indicate a negative year over year growth rate of 2.7%. The business is scheduled to issue its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Big 5 Sporting Goods Corporation will report full-year sales of $271.38 million for the current financial year, with estimates ranging from $1.03 billion to $1.04 billion. For the next year, analysts anticipate that the firm will report sales of $1.05 billion per share. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.06. The company had revenue of $243.67 million during the quarter, compared to the consensus estimate of $251.03 million. Big 5 Sporting Goods Corporation had a return on equity of 11.86% and a net margin of 2.30%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.11 EPS.

Several equities research analysts recently issued reports on BGFV shares. Zacks Investment Research cut shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Deutsche Bank AG restated a “buy” rating and issued a $20.00 target price (up previously from $18.00) on shares of Big 5 Sporting Goods Corporation in a report on Wednesday, May 3rd. BidaskClub cut shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. ValuEngine cut shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Big 5 Sporting Goods Corporation currently has a consensus rating of “Hold” and an average target price of $12.67.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt sold 12,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $13.83, for a total value of $165,960.00. Following the transaction, the director now directly owns 14,400 shares in the company, valued at $199,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 15,095 shares of company stock worth $207,972 in the last 90 days. 7.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BGFV. American Century Companies Inc. increased its position in Big 5 Sporting Goods Corporation by 472.6% in the first quarter. American Century Companies Inc. now owns 310,203 shares of the company’s stock valued at $4,684,000 after buying an additional 256,024 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Big 5 Sporting Goods Corporation by 14.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 96,499 shares of the company’s stock valued at $1,457,000 after buying an additional 11,969 shares during the last quarter. LSV Asset Management increased its position in Big 5 Sporting Goods Corporation by 6.1% in the first quarter. LSV Asset Management now owns 1,114,233 shares of the company’s stock valued at $16,824,000 after buying an additional 63,812 shares during the last quarter. Wedge Capital Management L L P NC increased its position in Big 5 Sporting Goods Corporation by 22.5% in the first quarter. Wedge Capital Management L L P NC now owns 76,198 shares of the company’s stock valued at $1,151,000 after buying an additional 13,997 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in Big 5 Sporting Goods Corporation by 27.3% in the first quarter. Great West Life Assurance Co. Can now owns 27,984 shares of the company’s stock valued at $421,000 after buying an additional 6,000 shares during the last quarter.

Big 5 Sporting Goods Corporation (NASDAQ BGFV) traded down 5.08% during midday trading on Tuesday, hitting $8.40. 563,152 shares of the company were exchanged. The stock has a market capitalization of $182.67 million, a price-to-earnings ratio of 7.72 and a beta of -0.09. Big 5 Sporting Goods Corporation has a 1-year low of $8.30 and a 1-year high of $20.35. The stock has a 50 day moving average of $11.28 and a 200-day moving average of $13.79.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.78%. The ex-dividend date is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio is currently 54.55%.

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Big 5 Sporting Goods Corporation Company Profile

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

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Earnings History and Estimates for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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