$260.93 Million in Sales Expected for Big 5 Sporting Goods Corporation (BGFV) This Quarter

Brokerages forecast that Big 5 Sporting Goods Corporation (NASDAQ:BGFV) will report $260.93 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Big 5 Sporting Goods Corporation’s earnings, with the highest sales estimate coming in at $262.25 million and the lowest estimate coming in at $259.60 million. Big 5 Sporting Goods Corporation reported sales of $266.28 million in the same quarter last year, which would suggest a negative year over year growth rate of 2%. The company is scheduled to report its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that Big 5 Sporting Goods Corporation will report full-year sales of $260.93 million for the current year. For the next year, analysts expect that the company will post sales of $1.04 billion per share, with estimates ranging from $1.04 billion to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Big 5 Sporting Goods Corporation.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last released its quarterly earnings data on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. The company had revenue of $270.47 million for the quarter, compared to the consensus estimate of $272.27 million. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share.

Several brokerages have recently commented on BGFV. ValuEngine raised shares of Big 5 Sporting Goods Corporation from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research raised shares of Big 5 Sporting Goods Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Forward View reaffirmed a “hold” rating and set a $8.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. TheStreet cut shares of Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Finally, Deutsche Bank AG cut shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $10.00 in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Big 5 Sporting Goods Corporation has an average rating of “Hold” and a consensus target price of $9.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Big 5 Sporting Goods Corporation by 45.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,954 shares of the company’s stock worth $104,000 after acquiring an additional 2,482 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth approximately $133,000. Fox Run Management L.L.C. acquired a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth approximately $147,000. Atria Investments LLC acquired a new stake in shares of Big 5 Sporting Goods Corporation during the 2nd quarter worth approximately $164,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Big 5 Sporting Goods Corporation during the 3rd quarter worth approximately $165,000.

ILLEGAL ACTIVITY WARNING: This article was first posted by Week Herald and is owned by of Week Herald. If you are accessing this article on another website, it was illegally stolen and reposted in violation of United States and international copyright and trademark law. The correct version of this article can be accessed at https://weekherald.com/2017/11/18/260-93-million-in-sales-expected-for-big-5-sporting-goods-corporation-bgfv-this-quarter.html.

Big 5 Sporting Goods Corporation (NASDAQ BGFV) opened at $6.75 on Friday. Big 5 Sporting Goods Corporation has a 1-year low of $6.00 and a 1-year high of $20.35. The company has a market capitalization of $141.42, a P/E ratio of 6.48 and a beta of -0.24. The company has a quick ratio of 0.16, a current ratio of 2.07 and a debt-to-equity ratio of 0.24.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.60 annualized dividend and a dividend yield of 8.89%. Big 5 Sporting Goods Corporation’s dividend payout ratio is 60.00%.

About Big 5 Sporting Goods Corporation

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)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Big 5 Sporting Goods Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big 5 Sporting Goods Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply