Dicks Sporting Goods (NYSE:DKS) Updates FY 2019 Earnings Guidance

Dicks Sporting Goods (NYSE:DKS) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.31. Dicks Sporting Goods also updated its FY20 guidance to ~$3.30-3.45 EPS.

Several brokerages have commented on DKS. Zacks Investment Research upgraded Dicks Sporting Goods from a hold rating to a buy rating and set a $36.00 price target on the stock in a report on Monday, July 1st. Goldman Sachs Group started coverage on Dicks Sporting Goods in a report on Thursday, July 11th. They set a neutral rating and a $38.00 price target on the stock. ValuEngine downgraded shares of Dicks Sporting Goods from a sell rating to a strong sell rating in a research note on Thursday, August 1st. UBS Group restated a buy rating and issued a $37.00 price objective (down previously from $38.00) on shares of Dicks Sporting Goods in a research note on Friday. Finally, Bank of America set a $40.00 price objective on shares of Dicks Sporting Goods and gave the stock a hold rating in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $39.80.

Shares of DKS stock opened at $32.37 on Friday. The stock has a market cap of $3.03 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.76 and a beta of 0.57. Dicks Sporting Goods has a one year low of $29.69 and a one year high of $41.21. The stock has a fifty day moving average price of $35.26 and a 200 day moving average price of $36.28. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.31 and a quick ratio of 0.16.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings data on Thursday, August 22nd. The sporting goods retailer reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.05. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.21 billion. Dicks Sporting Goods had a return on equity of 16.95% and a net margin of 3.76%. The business’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Equities research analysts anticipate that Dicks Sporting Goods will post 3.35 EPS for the current year.

About Dicks Sporting Goods

Dick's Sporting Goods, Inc operates as a sporting goods retailer primarily in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. The company also owns and operates Golf Galaxy, Field & Stream, and other specialty concept stores; and e-commerce Websites, as well as Dick's Team Sports HQ, a youth sports digital platform that offers free league management services, mobile apps, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Further Reading: Why do analysts give a neutral rating?

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

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