Wall Street analysts predict that Big 5 Sporting Goods Corporation (NASDAQ:BGFV) will report earnings of $0.23 per share for the current quarter, according to Zacks. Two analysts have made estimates for Big 5 Sporting Goods Corporation’s earnings. Big 5 Sporting Goods Corporation posted earnings per share of $0.33 in the same quarter last year, which indicates a negative year-over-year growth rate of 30.3%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Big 5 Sporting Goods Corporation will report full-year earnings of $0.88 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $0.88. For the next fiscal year, analysts expect that the company will report earnings of $0.81 per share, with EPS estimates ranging from $0.75 to $0.87. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $270.47 million for the quarter, compared to analysts’ expectations of $272.27 million. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. During the same period last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of research analysts have recently weighed in on BGFV shares. ValuEngine cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Forward View reaffirmed a “hold” rating and set a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a research report on Sunday, September 3rd. Zacks Investment Research cut Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. Finally, TheStreet cut Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $9.00.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt purchased 48,000 shares of the stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of $7.71 per share, with a total value of $370,080.00. Following the acquisition, the director now owns 18,600 shares in the company, valued at $143,406. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in Big 5 Sporting Goods Corporation by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,867,803 shares of the company’s stock worth $24,375,000 after purchasing an additional 12,462 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Big 5 Sporting Goods Corporation by 17.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,186,065 shares of the company’s stock worth $15,478,000 after purchasing an additional 174,942 shares in the last quarter. Denver Investment Advisors LLC purchased a new position in Big 5 Sporting Goods Corporation in the 2nd quarter worth approximately $14,188,000. Principal Financial Group Inc. lifted its holdings in Big 5 Sporting Goods Corporation by 18.9% in the 2nd quarter. Principal Financial Group Inc. now owns 786,699 shares of the company’s stock worth $10,267,000 after purchasing an additional 125,164 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Big 5 Sporting Goods Corporation by 36.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 687,768 shares of the company’s stock worth $8,976,000 after purchasing an additional 185,019 shares in the last quarter.

Big 5 Sporting Goods Corporation (NASDAQ BGFV) opened at $6.50 on Thursday. Big 5 Sporting Goods Corporation has a 12-month low of $6.00 and a 12-month high of $20.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.16 and a current ratio of 2.07. The firm has a market capitalization of $136.06, a PE ratio of 6.48 and a beta of -0.24.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.23%. Big 5 Sporting Goods Corporation’s payout ratio is currently 60.00%.

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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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