Big 5 Sporting Goods (NASDAQ:BGFV) Issues Q4 Earnings Guidance

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Big 5 Sporting Goods (NASDAQ:BGFV) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.78-0.81 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $290.5, compared to the consensus revenue estimate of $271.32 million.

Big 5 Sporting Goods stock opened at $12.90 on Wednesday. Big 5 Sporting Goods has a 1-year low of $0.65 and a 1-year high of $13.42. The business has a fifty day moving average price of $10.11 and a 200-day moving average price of $7.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.38 and a quick ratio of 0.32. The stock has a market capitalization of $282.60 million, a price-to-earnings ratio of 7.91 and a beta of 2.57.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its quarterly earnings results on Sunday, November 1st. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.21. The business had revenue of $304.96 million during the quarter. Big 5 Sporting Goods had a return on equity of 17.49% and a net margin of 3.55%.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 30th. This represents a $0.40 annualized dividend and a yield of 3.10%. Big 5 Sporting Goods’s payout ratio is presently 97.56%.

A number of equities research analysts recently commented on BGFV shares. Lake Street Capital assumed coverage on Big 5 Sporting Goods in a report on Wednesday, October 21st. They set a buy rating and a $15.00 target price for the company. BidaskClub upgraded shares of Big 5 Sporting Goods from a hold rating to a buy rating in a research note on Tuesday, December 22nd.

In other news, VP Jeffrey L. Fraley sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 10th. The shares were sold at an average price of $8.08, for a total transaction of $60,600.00. Following the sale, the vice president now owns 15,275 shares of the company’s stock, valued at approximately $123,422. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Van B. Honeycutt sold 8,045 shares of Big 5 Sporting Goods stock in a transaction that occurred on Wednesday, December 23rd. The shares were sold at an average price of $12.01, for a total transaction of $96,620.45. Following the transaction, the director now directly owns 83,553 shares of the company’s stock, valued at $1,003,471.53. The disclosure for this sale can be found here. Insiders have sold a total of 23,045 shares of company stock worth $232,670 over the last ninety days. 8.20% of the stock is owned by insiders.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company's products include athletic shoes, apparel, and accessories, as well as a selection 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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