Q3 2017 Earnings Forecast for Big 5 Sporting Goods Corporation (BGFV) Issued By Forward View

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) – Analysts at Forward View decreased their Q3 2017 earnings per share estimates for shares of Big 5 Sporting Goods Corporation in a research report issued on Thursday. Forward View analyst N. Yates now forecasts that the company will earn $0.31 per share for the quarter, down from their prior forecast of $0.45. Forward View has a “Hold” rating and a $14.00 price target on the stock. Forward View also issued estimates for Big 5 Sporting Goods Corporation’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $1.05 EPS, Q1 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.12 EPS.

Other analysts also recently issued research reports about the company. Deutsche Bank AG reissued a “buy” rating and issued a $20.00 price target (up previously from $18.00) on shares of Big 5 Sporting Goods Corporation in a research note on Wednesday, May 3rd. ValuEngine downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, BidaskClub downgraded Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.67.

ILLEGAL ACTIVITY WARNING: This news story was first reported by BNB Daily and is owned by of BNB Daily. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.baseball-news-blog.com/2017/08/19/q3-2017-earnings-forecast-for-big-5-sporting-goods-corporation-bgfv-issued-by-forward-view-updated.html.

Shares of Big 5 Sporting Goods Corporation (BGFV) opened at 9.35 on Monday. The company has a market cap of $203.33 million, a P/E ratio of 8.59 and a beta of -0.09. Big 5 Sporting Goods Corporation has a 1-year low of $9.25 and a 1-year high of $20.35. The stock’s 50 day moving average price is $12.44 and its 200 day moving average price is $14.20.

Big 5 Sporting Goods Corporation (NASDAQ:BGFV) last issued its earnings results on Tuesday, August 1st. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $243.67 million during the quarter, compared to analysts’ expectations of $251.03 million. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS.

Several institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System boosted its position in Big 5 Sporting Goods Corporation by 14.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 96,499 shares of the company’s stock worth $1,457,000 after buying an additional 11,969 shares during the last quarter. LSV Asset Management boosted its position in Big 5 Sporting Goods Corporation by 6.1% in the first quarter. LSV Asset Management now owns 1,114,233 shares of the company’s stock worth $16,824,000 after buying an additional 63,812 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in Big 5 Sporting Goods Corporation by 22.5% in the first quarter. Wedge Capital Management L L P NC now owns 76,198 shares of the company’s stock worth $1,151,000 after buying an additional 13,997 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Big 5 Sporting Goods Corporation by 27.3% in the first quarter. Great West Life Assurance Co. Can now owns 27,984 shares of the company’s stock worth $421,000 after buying an additional 6,000 shares during the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in Big 5 Sporting Goods Corporation during the first quarter worth approximately $389,000.

In other news, Director Van B. Honeycutt sold 12,000 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $13.83, for a total value of $165,960.00. Following the completion of the transaction, the director now owns 14,400 shares in the company, valued at approximately $199,152. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 15,095 shares of company stock valued at $207,972 in the last 90 days. 7.90% of the stock is owned by corporate insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 6.42%. The ex-dividend date of this dividend is Wednesday, August 30th. Big 5 Sporting Goods Corporation’s payout ratio is 54.55%.

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 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.

Latest News

Leave a Reply