Big 5 Sporting Goods (NASDAQ:BGFV) Releases 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. The company provided earnings per share (EPS) guidance of 2.53-2.56 for the period, compared to the Thomson Reuters consensus 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.

A number of equities research analysts have recently weighed in on the company. 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 Big 5 Sporting Goods from a hold rating to a buy rating in a research report on Tuesday, December 22nd.

Shares of NASDAQ BGFV opened at $11.62 on Thursday. 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 has a 52 week low of $0.65 and a 52 week high of $13.95. The stock has a market capitalization of $254.56 million, a P/E ratio of 7.13 and a beta of 2.57. The stock’s fifty day moving average is $10.17 and its 200 day moving average is $7.30.

Big 5 Sporting Goods (NASDAQ:BGFV) last released its earnings results on Sunday, November 1st. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $304.96 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend was Monday, November 30th. Big 5 Sporting Goods’s dividend payout ratio is presently 97.56%.

In other news, Director Van B. Honeycutt sold 8,045 shares of Big 5 Sporting Goods stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $12.01, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shane O. Starr sold 7,500 shares of Big 5 Sporting Goods stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $10.06, for a total value of $75,450.00. Following the sale, the vice president now directly owns 16,497 shares in the company, valued at $165,959.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,045 shares of company stock worth $232,670. Company insiders own 8.20% of the company’s stock.

About Big 5 Sporting Goods

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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