Big 5 Sporting Goods (NASDAQ:BGFV) Updates FY 2020 Pre-Market Earnings Guidance

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Big 5 Sporting Goods (NASDAQ:BGFV) updated its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.53-2.56 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.20. The company issued revenue guidance of $1.04-1.04 billion, compared to the consensus revenue estimate of $1.02 billion.Big 5 Sporting Goods also updated its Q4 guidance to $0.78-0.81 EPS.

Shares of BGFV opened at $12.90 on Wednesday. The stock has a market cap of $282.60 million, a P/E ratio of 7.91 and a beta of 2.57. Big 5 Sporting Goods has a one year low of $0.65 and a one year high of $13.42. The stock has a 50-day moving average of $10.11 and a two-hundred day moving average of $7.24. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.32 and a current ratio of 1.38.

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

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

BGFV has been the topic of several recent analyst reports. BidaskClub upgraded shares of Big 5 Sporting Goods from a hold rating to a buy rating in a report on Tuesday, December 22nd. Lake Street Capital initiated coverage on shares of Big 5 Sporting Goods in a report on Wednesday, October 21st. They issued a buy rating and a $15.00 target price on the stock.

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

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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