Nike (NYSE:NKE) is set to post its quarterly earnings results after the market closes on Tuesday, September 22nd. Analysts expect Nike to post earnings of $0.41 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 issued its earnings results on Thursday, June 25th. The footwear maker reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.53). The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $7.26 billion. Nike had a return on equity of 32.95% and a net margin of 6.79%. The business’s revenue for the quarter was down 38.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS. On average, analysts expect Nike to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NKE stock opened at $114.66 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.59 and a debt-to-equity ratio of 1.17. The firm has a fifty day moving average price of $108.51 and a 200 day moving average price of $95.08. The company has a market cap of $186.06 billion, a P/E ratio of 72.57, a PEG ratio of 3.15 and a beta of 0.83. Nike has a 12 month low of $60.00 and a 12 month high of $120.48.
In related news, CAO Hilary K. Krane sold 11,000 shares of the stock in a transaction dated Tuesday, July 14th. The shares were sold at an average price of $96.33, for a total transaction of $1,059,630.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heidi O’neill sold 22,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $120.00, for a total transaction of $2,640,000.00. The disclosure for this sale can be found here. Insiders have sold 241,056 shares of company stock valued at $26,663,725 over the last three months. 3.80% of the stock is currently owned by corporate insiders.
A number of brokerages recently commented on NKE. Zacks Investment Research upgraded shares of Nike from a “sell” rating to a “hold” rating and set a $108.00 target price for the company in a research note on Wednesday, June 24th. Goldman Sachs Group reiterated a “buy” rating and set a $126.00 target price on shares of Nike in a research note on Thursday. DZ Bank reiterated a “sell” rating on shares of Nike in a research note on Friday, June 26th. TheStreet downgraded shares of Nike from a “b” rating to a “c+” rating in a research note on Thursday, June 25th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $136.00 price objective (up previously from $118.00) on shares of Nike in a research note on Monday, September 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $116.79.
Nike Company Profile
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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