DICK’S Sporting Goods (DKS) to Release Quarterly Earnings on Tuesday

DICK’S Sporting Goods (NYSE:DKS) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 26th. Analysts expect the company to announce earnings of $2.68 per share for the quarter. DICK’S Sporting Goods has set its FY 2024 guidance at 13.550-13.900 EPS and its FY25 guidance at $13.55-$13.90 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

DICK’S Sporting Goods (NYSE:DKS) last released its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.82 earnings per share. On average, analysts expect DICK’S Sporting Goods to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

DICK’S Sporting Goods Trading Up 4.2 %

NYSE:DKS opened at $210.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.77 and a quick ratio of 0.69. The firm has a 50-day moving average of $205.72 and a 200-day moving average of $210.31. The company has a market cap of $17.11 billion, a PE ratio of 15.42, a PEG ratio of 2.29 and a beta of 1.64. DICK’S Sporting Goods has a one year low of $119.84 and a one year high of $239.30.

DICK’S Sporting Goods Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Friday, September 20th. DICK’S Sporting Goods’s payout ratio is 32.28%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DKS. Wells Fargo & Company dropped their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a research note on Monday, August 12th. Citigroup dropped their price target on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. UBS Group upped their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Loop Capital upped their price target on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Finally, DA Davidson restated a “buy” rating and set a $265.00 price target on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.62.

About DICK’S Sporting Goods

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.