Equities analysts expect that Dicks Sporting Goods Inc (NYSE:DKS) will report $0.26 earnings per share for the current quarter, according to Zacks. Seven analysts have made estimates for Dicks Sporting Goods’ earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.13. Dicks Sporting Goods posted earnings of $0.30 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 13.3%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, November 28th.

On average, analysts expect that Dicks Sporting Goods will report full year earnings of $3.15 per share for the current year, with EPS estimates ranging from $3.05 to $3.20. For the next fiscal year, analysts expect that the business will post earnings of $3.31 per share, with EPS estimates ranging from $3.11 to $3.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Dicks Sporting Goods.

Dicks Sporting Goods (NYSE:DKS) last issued its quarterly earnings results on Wednesday, August 29th. The sporting goods retailer reported $1.20 EPS for the quarter, beating the consensus estimate of $1.06 by $0.14. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.24 billion. Dicks Sporting Goods had a net margin of 3.82% and a return on equity of 17.72%. The firm’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS.

Several equities analysts recently commented on the stock. Wedbush upped their price target on shares of Dicks Sporting Goods from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, August 21st. ValuEngine upgraded shares of Dicks Sporting Goods from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. Canaccord Genuity set a $36.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Wednesday, August 29th. Cowen upped their price target on shares of Dicks Sporting Goods from $37.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, August 23rd. Finally, Credit Suisse Group set a $35.00 price target on shares of Dicks Sporting Goods and gave the company a “hold” rating in a report on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Dicks Sporting Goods currently has a consensus rating of “Hold” and an average price target of $37.13.

Several institutional investors and hedge funds have recently made changes to their positions in DKS. LSV Asset Management lifted its position in shares of Dicks Sporting Goods by 302.2% in the 2nd quarter. LSV Asset Management now owns 3,155,441 shares of the sporting goods retailer’s stock worth $111,229,000 after purchasing an additional 2,370,857 shares during the period. Prudential Financial Inc. lifted its position in shares of Dicks Sporting Goods by 74.8% in the 3rd quarter. Prudential Financial Inc. now owns 2,547,444 shares of the sporting goods retailer’s stock worth $90,384,000 after purchasing an additional 1,090,440 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Dicks Sporting Goods by 72.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,388,594 shares of the sporting goods retailer’s stock worth $84,747,000 after purchasing an additional 1,005,924 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Dicks Sporting Goods by 36.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,312,654 shares of the sporting goods retailer’s stock worth $117,532,000 after purchasing an additional 877,277 shares during the period. Finally, FMR LLC lifted its position in shares of Dicks Sporting Goods by 504.5% in the 3rd quarter. FMR LLC now owns 1,019,461 shares of the sporting goods retailer’s stock worth $36,172,000 after purchasing an additional 850,809 shares during the period. 76.59% of the stock is owned by hedge funds and other institutional investors.

NYSE:DKS traded up $1.26 during mid-day trading on Tuesday, hitting $38.71. 3,765,538 shares of the stock traded hands, compared to its average volume of 3,070,813. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.69 and a beta of 0.35. Dicks Sporting Goods has a 52 week low of $24.32 and a 52 week high of $39.74. The company has a current ratio of 1.53, a quick ratio of 0.24 and a debt-to-equity ratio of 0.09.

Dicks Sporting Goods Company Profile

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.

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

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