Dicks Sporting Goods (DKS) Issues FY19 Earnings Guidance

Dicks Sporting Goods (NYSE:DKS) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.80-3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.90.

Shares of Dicks Sporting Goods (NYSE:DKS) opened at $32.56 on Tuesday. The company has a market cap of $3,428.30, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.25 and a current ratio of 1.61. Dicks Sporting Goods has a one year low of $23.88 and a one year high of $52.31.

Dicks Sporting Goods (NYSE:DKS) last announced its quarterly earnings results on Tuesday, March 13th. The sporting goods retailer reported $1.22 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.73 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. Dicks Sporting Goods’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.32 EPS. equities research analysts forecast that Dicks Sporting Goods will post 3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Thursday, March 8th. This is a positive change from Dicks Sporting Goods’s previous quarterly dividend of $0.17. Dicks Sporting Goods’s payout ratio is 33.21%.

DKS has been the subject of a number of recent research reports. Credit Suisse Group decreased their price target on shares of Dicks Sporting Goods from $28.00 to $24.00 and set a neutral rating for the company in a research note on Wednesday, November 15th. UBS Group raised shares of Dicks Sporting Goods from a neutral rating to a positive rating in a report on Tuesday, January 23rd. Cowen reaffirmed a hold rating and set a $26.00 price objective on shares of Dicks Sporting Goods in a report on Friday, November 17th. Susquehanna Bancshares raised shares of Dicks Sporting Goods from a neutral rating to a positive rating and lifted their price objective for the stock from $25.00 to $41.00 in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Dicks Sporting Goods from a sell rating to a hold rating in a report on Thursday, November 16th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $33.96.

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About Dicks Sporting Goods

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.

Earnings History and Estimates for Dicks Sporting Goods (NYSE:DKS)

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