Dicks Sporting Goods (DKS) to Release Quarterly Earnings on Wednesday

Dicks Sporting Goods (NYSE:DKS) will announce its earnings results before the market opens on Wednesday, November 28th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Dicks Sporting Goods has set its FY19 guidance at $3.02-3.20 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Dicks Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, August 29th. The sporting goods retailer reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.14. Dicks Sporting Goods had a net margin of 3.82% and a return on equity of 17.72%. The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the previous year, the company posted $0.96 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts expect Dicks Sporting Goods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NYSE DKS opened at $35.99 on Tuesday. Dicks Sporting Goods has a twelve month low of $26.71 and a twelve month high of $39.75. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.24 and a current ratio of 1.53. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.58 and a beta of 0.35.

Several equities analysts have weighed in on DKS shares. ValuEngine cut shares of Dicks Sporting Goods from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th. Zacks Investment Research cut shares of Dicks Sporting Goods from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Morgan Stanley lifted their price objective on shares of Dicks Sporting Goods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 11th. Canaccord Genuity set a $36.00 price objective on shares of Dicks Sporting Goods and gave the stock a “hold” rating in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co lowered their price objective on shares of Dicks Sporting Goods from $42.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, August 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.53.

ILLEGAL ACTIVITY NOTICE: “Dicks Sporting Goods (DKS) to Release Quarterly Earnings on Wednesday” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://transcriptdaily.com/2018/11/27/dicks-sporting-goods-dks-to-release-quarterly-earnings-on-wednesday.html.

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 for scheduling, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

Further Reading: How much money do you need to begin day trading?

Earnings History for Dicks Sporting Goods (NYSE:DKS)

Receive News & Ratings for Dicks Sporting Goods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dicks Sporting Goods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply