NIKE (NKE) Scheduled to Post Earnings on Tuesday

NIKE (NYSE:NKE) is set to post its quarterly earnings results after the market closes on Tuesday, October 1st. Analysts expect NIKE to post earnings of $0.54 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, June 27th. The footwear maker reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.16. The firm had revenue of $12.60 billion during the quarter, compared to the consensus estimate of $12.86 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. On average, analysts expect NIKE to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NIKE Stock Performance

NYSE:NKE opened at $89.44 on Friday. The company has a fifty day simple moving average of $79.67 and a two-hundred day simple moving average of $86.67. The company has a market cap of $135.00 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.55. NIKE has a 52 week low of $70.75 and a 52 week high of $123.39.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd will be paid a $0.37 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $1.48 annualized dividend and a dividend yield of 1.65%. NIKE’s dividend payout ratio (DPR) is 39.68%.

Wall Street Analyst Weigh In

NKE has been the subject of several research reports. Barclays boosted their price target on shares of NIKE from $80.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 18th. Jefferies Financial Group lowered their target price on shares of NIKE from $90.00 to $80.00 in a research note on Friday, July 12th. HSBC lowered their target price on shares of NIKE from $100.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, June 28th. Morgan Stanley boosted their target price on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of NIKE from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, September 23rd. Fifteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.52.

Insiders Place Their Bets

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at $80,435,628. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total transaction of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares in the company, valued at $80,419,507.30. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.