Wall street estimates Earnings report Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS)

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Earnings results for Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS)

Dick’s Sporting Goods Inc is expected* to report earnings on 08/26/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 10 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.11. The reported EPS for the same quarter last year was $1.26.

Dicks Sporting Goods last released its earnings data on June 2nd, 2020. The sporting goods retailer reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.50) by $0.71. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Its revenue was down 30.6% on a year-over-year basis. Dicks Sporting Goods has generated $3.69 earnings per share over the last year and currently has a price-to-earnings ratio of 45.8. Dicks Sporting Goods has confirmed that its next quarterly earnings report will be published on Wednesday, August 26th, 2020.

Analyst Opinion on Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS)

26 Wall Street analysts have issued ratings and price targets for Dicks Sporting Goods in the last 12 months. Their average twelve-month price target is $45.48, predicting that the stock has a possible downside of 2.55%. The high price target for DKS is $60.00 and the low price target for DKS is $27.00. There are currently 1 sell rating, 14 hold ratings and 11 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Dicks Sporting Goods has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 11 buy ratings, 14 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $45.48, Dicks Sporting Goods has a forecasted downside of 2.5% from its current price of $46.67. Dicks Sporting Goods has been the subject of 17 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS)

Dicks Sporting Goods pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends. Dicks Sporting Goods has only been increasing its dividend for 1 years. The dividend payout ratio of Dicks Sporting Goods is 33.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Dicks Sporting Goods will have a dividend payout ratio of 37.88% next year. This indicates that Dicks Sporting Goods will be able to sustain or increase its dividend.

Insiders buying/selling: Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS)

In the past three months, Dicks Sporting Goods insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $82,440.00 in company stock. Only 30.57% of the stock of Dicks Sporting Goods is held by insiders. 69.14% of the stock of Dicks Sporting Goods is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Dicks Sporting Goods Stock Forecast, Price & News (NYSE:DKS

Earnings for Dicks Sporting Goods are expected to grow by 177.31% in the coming year, from $1.19 to $3.30 per share. The P/E ratio of Dicks Sporting Goods is 45.76, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of Dicks Sporting Goods is 45.76, which means that it is trading at a more expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 34.02. Dicks Sporting Goods has a PEG Ratio of 9.54. PEG Ratios above 1 indicate that a company could be overvalued. Dicks Sporting Goods has a P/B Ratio of 2.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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