FY2018 Earnings Estimate for Nike, Inc. (NKE) Issued By Forward View

Nike, Inc. (NYSE:NKE) – Analysts at Forward View decreased their FY2018 earnings estimates for shares of Nike in a research note issued on Saturday. Forward View analyst N. Yates now forecasts that the footwear maker will post earnings of $2.19 per share for the year, down from their previous forecast of $2.26. Forward View currently has a “Sell” rating on the stock. Forward View also issued estimates for Nike’s Q4 2018 earnings at $0.59 EPS, Q3 2019 earnings at $0.74 EPS and FY2019 earnings at $2.74 EPS.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

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A number of other analysts also recently issued reports on the stock. Pivotal Research assumed coverage on shares of Nike in a research report on Thursday, October 5th. They set a “hold” rating and a $56.00 target price for the company. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 target price for the company in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of Nike in a research report on Saturday, September 30th. Credit Suisse Group reissued an “outperform” rating and set a $63.00 target price on shares of Nike in a research report on Saturday, September 30th. Finally, Buckingham Research reissued a “buy” rating and set a $64.00 target price on shares of Nike in a research report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $59.14.

Shares of Nike (NYSE:NKE) traded down 0.10% on Tuesday, reaching $51.47. 2,344,475 shares of the company were exchanged. The company has a 50-day moving average price of $52.99 and a 200 day moving average price of $54.95. The stock has a market capitalization of $84.36 billion, a PE ratio of 21.91 and a beta of 0.61. Nike has a 1-year low of $49.01 and a 1-year high of $60.53.

Large investors have recently added to or reduced their stakes in the stock. V Wealth Management LLC acquired a new position in Nike during the second quarter worth about $100,000. Webster Bank N. A. boosted its position in shares of Nike by 75.5% in the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after purchasing an additional 900 shares during the period. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the period. Atlantic Trust LLC acquired a new position in shares of Nike in the 2nd quarter valued at $136,000. Finally, Rational Advisors LLC boosted its position in shares of Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares during the period. 62.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Andrew Campion sold 5,722 shares of Nike stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the transaction, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at $2,077,574.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,117 shares of company stock worth $9,409,321. 3.90% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, August 31st. Nike’s payout ratio is currently 30.64%.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfo

Nike, Inc. (NYSE:NKE) – Analysts at Forward View decreased their FY2018 earnings estimates for shares of Nike in a research note issued on Saturday. Forward View analyst N. Yates now forecasts that the footwear maker will post earnings of $2.19 per share for the year, down from their previous forecast of $2.26. Forward View currently has a “Sell” rating on the stock. Forward View also issued estimates for Nike’s Q4 2018 earnings at $0.59 EPS, Q3 2019 earnings at $0.74 EPS and FY2019 earnings at $2.74 EPS.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The business had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year.

COPYRIGHT VIOLATION NOTICE: This piece was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/fy2018-earnings-estimate-for-nike-inc-nke-issued-by-forward-view.html.

A number of other analysts also recently issued reports on the stock. Pivotal Research assumed coverage on shares of Nike in a research report on Thursday, October 5th. They set a “hold” rating and a $56.00 target price for the company. Vetr raised shares of Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 target price for the company in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and set a $66.00 target price on shares of Nike in a research report on Saturday, September 30th. Credit Suisse Group reissued an “outperform” rating and set a $63.00 target price on shares of Nike in a research report on Saturday, September 30th. Finally, Buckingham Research reissued a “buy” rating and set a $64.00 target price on shares of Nike in a research report on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $59.14.

Shares of Nike (NYSE:NKE) traded down 0.10% on Tuesday, reaching $51.47. 2,344,475 shares of the company were exchanged. The company has a 50-day moving average price of $52.99 and a 200 day moving average price of $54.95. The stock has a market capitalization of $84.36 billion, a PE ratio of 21.91 and a beta of 0.61. Nike has a 1-year low of $49.01 and a 1-year high of $60.53.

Large investors have recently added to or reduced their stakes in the stock. V Wealth Management LLC acquired a new position in Nike during the second quarter worth about $100,000. Webster Bank N. A. boosted its position in shares of Nike by 75.5% in the 1st quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock valued at $117,000 after purchasing an additional 900 shares during the period. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares during the period. Atlantic Trust LLC acquired a new position in shares of Nike in the 2nd quarter valued at $136,000. Finally, Rational Advisors LLC boosted its position in shares of Nike by 14.3% in the 1st quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares during the period. 62.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Andrew Campion sold 5,722 shares of Nike stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $59.40, for a total transaction of $339,886.80. Following the transaction, the chief financial officer now directly owns 34,976 shares of the company’s stock, valued at $2,077,574.40. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Johnathan A. Rodgers sold 16,000 shares of Nike stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the transaction, the director now directly owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 162,117 shares of company stock worth $9,409,321. 3.90% of the stock is owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, August 31st. Nike’s payout ratio is currently 30.64%.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Earnings History and Estimates for Nike (NYSE:NKE)

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