Big 5 Sporting Goods Corporation (BGFV) Releases Quarterly Earnings Results, Meets Expectations

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) announced its earnings results on Tuesday, October 31st. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28, Briefing.com reports. Big 5 Sporting Goods Corporation had a return on equity of 10.37% and a net margin of 2.11%. The firm had revenue of $270.47 million during the quarter, compared to the consensus estimate of $272.27 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. Big 5 Sporting Goods Corporation updated its Q4 guidance to $0.16-0.28 EPS.

Shares of Big 5 Sporting Goods Corporation (BGFV) traded up $0.25 during trading hours on Friday, hitting $6.50. 863,000 shares of the stock traded hands, compared to its average volume of 768,466. 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 firm has a market capitalization of $133.92, a P/E ratio of 6.38, a PEG ratio of 0.79 and a beta of -0.24. Big 5 Sporting Goods Corporation has a 52 week low of $6.00 and a 52 week high of $20.35.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Thursday, November 30th. Big 5 Sporting Goods Corporation’s dividend payout ratio (DPR) is currently 60.00%.

TRADEMARK VIOLATION NOTICE: This report was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://stocknewstimes.com/2017/11/11/big-5-sporting-goods-corporation-bgfv-releases-quarterly-earnings-results-hits-estimates.html.

A number of equities analysts have recently issued reports on the company. ValuEngine cut Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Deutsche Bank AG cut Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.00 to $10.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered Big 5 Sporting Goods Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, August 4th. Forward View reiterated a “hold” rating and set a $11.00 target price on shares of Big 5 Sporting Goods Corporation in a report on Tuesday, August 8th. Finally, TheStreet lowered Big 5 Sporting Goods Corporation from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Big 5 Sporting Goods Corporation presently has a consensus rating of “Hold” and an average price target of $9.00.

In other news, Director Van B. Honeycutt purchased 48,000 shares of the business’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of $7.71 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.

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.

Earnings History 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.

Latest News

Leave a Reply