Dicks Sporting Goods Inc (DKS) Tumbles On Weak Guidance

Earnings this year will be $2.85 to $3 a share, Dick’s said. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and eleven have given a buy rating to the company.

The Coraopolis, Pennsylvania-based company, which was founded in Binghamton, said it is working to reduce its inventory by returning products or canceling orders.

Shares of Dick’s Sporting Goods are getting destroyed in premarket trading on Tuesday after a disappointing third-quarter earnings report and a downbeat forecast for the fourth quarter. Dick’s Sporting Goods generated EPS growth of 10%.

Dick’s is stepping up its online business ambitions, lifting its e-tailing sales from 7.3% of total sales in the year-ago quarter to 8% today.

In its most recent quarter Dicks Sporting Goods Incorporated had actual sales of $ 1822.979M.

US stocks shot hit in late morning trading as Wall Street looks beyond the deadly terror attacks in Paris and got a few good news on the profit front from home improvement retailer Home Depot and retail giant Walmart Stores. The stock has a market capitalization of $4.84 billion and a price-to-earnings ratio of 13.56.

Same-store sales increased 0.4% in the quarter, missing the company’s guidance of an increase of 1 to 3%. The firm’s 50-day moving average is $46.44 and its 200 day moving average is $50.53. The company provided EPS guidance of $1.10-1.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.42, MarketBeat.Com reports.

While one may expect that unseasonably warm weather would be good news for a sporting goods chain, Dick’s says that the opposite is true. Colombo William J sold 20,000 shares worth $1.01M. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures.

The omni-channel sporting goods company posted $1.6 billion in sales, slightly lower than the $1.64 billion consensus estimates. This represents a $0.55 annualized dividend and a dividend yield of 1.35%. The Firm offers hardlines, such as sporting goods equipment, fitness equipment, golf equipment and hunting and fishing gear. The company now operates 645 Dick’s Sporting Goods stores, 75 Golf Galaxy stores and 19 Field & Stream stores. The organization owns and runs Running Shoe specialty stores, Field & Stream and Golf Galaxy.