Dicks Sporting Goods (DKS) Scheduled to Post Quarterly Earnings on Wednesday

Dicks Sporting Goods (NYSE:DKS) will release its earnings data before the market opens on Wednesday, May 29th. Analysts expect Dicks Sporting Goods to post earnings of $0.59 per share for the quarter. Dicks Sporting Goods has set its FY 2019 guidance at $3.15-3.35 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Dicks Sporting Goods (NYSE:DKS) last released its quarterly earnings results on Tuesday, March 12th. The sporting goods retailer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. The business had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.48 billion. Dicks Sporting Goods had a net margin of 3.79% and a return on equity of 16.88%. The business’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.22 EPS. On average, analysts expect Dicks Sporting Goods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dicks Sporting Goods stock opened at $36.65 on Tuesday. The company has a market capitalization of $3.53 billion, a PE ratio of 11.31, a P/E/G ratio of 1.92 and a beta of 0.55. Dicks Sporting Goods has a 1 year low of $29.69 and a 1 year high of $41.21. The company has a current ratio of 1.41, a quick ratio of 0.20 and a debt-to-equity ratio of 0.03.

A number of research firms have recently issued reports on DKS. Zacks Investment Research downgraded shares of Dicks Sporting Goods from a “hold” rating to a “sell” rating in a research note on Tuesday, May 21st. Citigroup initiated coverage on shares of Dicks Sporting Goods in a research note on Wednesday, April 10th. They set a “neutral” rating and a $40.00 target price on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $41.00 target price (down from $44.00) on shares of Dicks Sporting Goods in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.17.

TRADEMARK VIOLATION WARNING: This article was first reported by Enterprise Leader and is the property of of Enterprise Leader. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://theenterpriseleader.com/2019/05/28/dicks-sporting-goods-dks-scheduled-to-post-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, free league management services, communications and live scorekeeping, custom uniforms and fan wear, and access to donations and sponsorships.

See Also: Options 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.