Brokerages Expect Big 5 Sporting Goods Corporation (BGFV) to Announce $0.28 EPS

Equities analysts expect that Big 5 Sporting Goods Corporation (NASDAQ:BGFV) will report earnings of $0.28 per share for the current quarter, Zacks reports. Three analysts have made estimates for Big 5 Sporting Goods Corporation’s earnings, with estimates ranging from $0.25 to $0.31. Big 5 Sporting Goods Corporation reported earnings of $0.41 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 31.7%. The firm is expected to report its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Big 5 Sporting Goods Corporation will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.05. For the next fiscal year, analysts forecast that the business will post earnings of $0.97 per share, with EPS estimates ranging from $0.78 to $1.12. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company had revenue of $243.67 million for the quarter, compared to the consensus estimate of $251.03 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up .9% on a year-over-year basis.

Several analysts recently issued reports on BGFV shares. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Forward View restated a “hold” rating and set a $8.00 target price on shares of Big 5 Sporting Goods Corporation in a research report on Sunday, September 3rd. TheStreet lowered shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.00.

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Big 5 Sporting Goods Corporation (BGFV) traded up 2.333% on Friday, hitting $7.675. 277,515 shares of the stock were exchanged. The company has a 50-day moving average of $7.70 and a 200-day moving average of $11.77. Big 5 Sporting Goods Corporation has a 12 month low of $7.10 and a 12 month high of $20.35. The stock has a market cap of $166.90 million, a price-to-earnings ratio of 7.054 and a beta of -0.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.60 annualized dividend and a yield of 8.00%. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt bought 48,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $143,406. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in shares of Big 5 Sporting Goods Corporation by 29.3% in the third quarter. Eqis Capital Management Inc. now owns 238,917 shares of the company’s stock worth $1,828,000 after purchasing an additional 54,093 shares during the period. Navellier & Associates Inc bought a new position in shares of Big 5 Sporting Goods Corporation in the second quarter worth approximately $3,255,000. USA Financial Portformulas Corp bought a new position in shares of Big 5 Sporting Goods Corporation in the second quarter worth approximately $371,000. Public Employees Retirement System of Ohio boosted its position in shares of Big 5 Sporting Goods Corporation by 65.4% in the second quarter. Public Employees Retirement System of Ohio now owns 29,238 shares of the company’s stock worth $382,000 after purchasing an additional 11,563 shares during the period. Finally, Koch Industries Inc. boosted its position in shares of Big 5 Sporting Goods Corporation by 1,905.8% in the second quarter. Koch Industries Inc. now owns 278,723 shares of the company’s stock worth $259,000 after purchasing an additional 264,827 shares during the period.

Big 5 Sporting Goods Corporation Company Profile

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

Get a free copy of the Zacks research report on Big 5 Sporting Goods Corporation (BGFV)

On average, analysts expect that Big 5 Sporting Goods Corporation will report full year earnings of $0.96 per share for the current fiscal year, with EPS estimates ranging from $0.87 to $1.05. For the next fiscal year, analysts forecast that the business will post earnings of $0.97 per share, with EPS estimates ranging from $0.78 to $1.12. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its earnings results on Tuesday, August 1st. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.06). Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The company had revenue of $243.67 million for the quarter, compared to the consensus estimate of $251.03 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up .9% on a year-over-year basis.

Several analysts recently issued reports on BGFV shares. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Forward View restated a “hold” rating and set a $8.00 target price on shares of Big 5 Sporting Goods Corporation in a research report on Sunday, September 3rd. TheStreet lowered shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and cut their target price for the company from $20.00 to $10.00 in a research report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $9.00.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/brokerages-expect-big-5-sporting-goods-corporation-bgfv-to-announce-0-28-eps.html.

Big 5 Sporting Goods Corporation (BGFV) traded up 2.333% on Friday, hitting $7.675. 277,515 shares of the stock were exchanged. The company has a 50-day moving average of $7.70 and a 200-day moving average of $11.77. Big 5 Sporting Goods Corporation has a 12 month low of $7.10 and a 12 month high of $20.35. The stock has a market cap of $166.90 million, a price-to-earnings ratio of 7.054 and a beta of -0.11.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.60 annualized dividend and a yield of 8.00%. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is 54.55%.

In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt bought 48,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $7.71 per share, for a total transaction of $370,080.00. Following the completion of the transaction, the director now owns 18,600 shares of the company’s stock, valued at approximately $143,406. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. boosted its position in shares of Big 5 Sporting Goods Corporation by 29.3% in the third quarter. Eqis Capital Management Inc. now owns 238,917 shares of the company’s stock worth $1,828,000 after purchasing an additional 54,093 shares during the period. Navellier & Associates Inc bought a new position in shares of Big 5 Sporting Goods Corporation in the second quarter worth approximately $3,255,000. USA Financial Portformulas Corp bought a new position in shares of Big 5 Sporting Goods Corporation in the second quarter worth approximately $371,000. Public Employees Retirement System of Ohio boosted its position in shares of Big 5 Sporting Goods Corporation by 65.4% in the second quarter. Public Employees Retirement System of Ohio now owns 29,238 shares of the company’s stock worth $382,000 after purchasing an additional 11,563 shares during the period. Finally, Koch Industries Inc. boosted its position in shares of Big 5 Sporting Goods Corporation by 1,905.8% in the second quarter. Koch Industries Inc. now owns 278,723 shares of the company’s stock worth $259,000 after purchasing an additional 264,827 shares during the period.

Big 5 Sporting Goods Corporation Company Profile

Big 5 Sporting Goods Corporation is a sporting goods retailer in the western United States. The Company offers a range of products in a sporting goods store format. The Company also offers products online through its e-commerce platform. The Company’s product mix includes athletic shoes, apparel and accessories, as well as a range of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

Get a free copy of the Zacks research report on Big 5 Sporting Goods Corporation (BGFV)

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Earnings History and Estimates for Big 5 Sporting Goods Corporation (NASDAQ:BGFV)

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