Dick’s Sporting Goods (DKS) Issues Q1 Earnings Guidance
Dick’s Sporting Goods (DKS) updated its first quarter earnings guidance on Monday. The company provided EPS guidance of $0.47-0.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.50. Dick’s Sporting Goods also updated its FY14 guidance to $2.84-2.86 EPS.
Several analysts have also recently commented on the stock. Analysts at Susquehanna reiterated a positive rating on shares of Dick’s Sporting Goods in a research note to investors on Thursday, February 28th. They now have a $63.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday, January 30th. They now have a $50.00 price target on the stock. Finally, analysts at Sterne Agee reiterated a buy rating on shares of Dick’s Sporting Goods in a research note to investors on Wednesday, January 30th. They now have a $56.00 price target on the stock.
Seventeen research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and five have given a hold rating to the stock. Dick’s Sporting Goods currently has a consensus rating of buy and an average target price of $58.58.
Shares of Dick’s Sporting Goods (DKS) opened at 50.60 on Monday. Dick’s Sporting Goods (DKS) has a 52 week low of $44.06 and a 52 week high of $54.24. The stock’s 50-day moving average is currently $48.88. The company has a market cap of $6.206 billion and a P/E ratio of 23.44.
Dick’s Sporting Goods last released its earnings data on Monday, March 11th. The company reported $1.06 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.06. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Dick’s Sporting Goods has set its Q1 guidance at $0.47-0.49 EPS and its FY14 guidance at $2.84-2.86 EPS. On average, analysts predict that Dick’s Sporting Goods (DKS) will post $2.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a dividend of $0.13 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, March 6th.
Dick’s Sporting Goods, Inc. (Dick’s) is a sporting goods retailer offering an assortment of brand name sporting goods equipment, apparel and footwear.
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