DICK’S Sporting Goods (NYSE:DKS) Issues FY 2024 Earnings Guidance

DICK’S Sporting Goods (NYSE:DKS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 13.650-13.950 for the period, compared to the consensus EPS estimate of 13.880. The company issued revenue guidance of $13.2 billion-$13.3 billion, compared to the consensus revenue estimate of $13.3 billion. DICK’S Sporting Goods also updated its FY25 guidance to $13.65-13.95 EPS.

DICK’S Sporting Goods Trading Up 0.7 %

Shares of DKS stock opened at $213.70 on Thursday. DICK’S Sporting Goods has a 1 year low of $120.39 and a 1 year high of $239.30. The firm has a market capitalization of $17.40 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.45 and a beta of 1.64. The stock has a fifty day moving average of $205.76 and a two-hundred day moving average of $210.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Tuesday, November 26th. The sporting goods retailer reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.07. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.03 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.85 earnings per share. As a group, research analysts expect that DICK’S Sporting Goods will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.06%. DICK’S Sporting Goods’s dividend payout ratio is presently 32.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DKS shares. Telsey Advisory Group reiterated an “outperform” rating and set a $260.00 price target on shares of DICK’S Sporting Goods in a research report on Tuesday. DA Davidson reaffirmed a “buy” rating and set a $265.00 target price on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $215.00 price target (down from $250.00) on shares of DICK’S Sporting Goods in a report on Wednesday. UBS Group upgraded shares of DICK’S Sporting Goods from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $225.00 to $260.00 in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research note on Monday, August 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.95.

DICK’S Sporting Goods Company Profile

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.