Big 5 Sporting Goods Corporation (BGFV) Announces Earnings Results
Big 5 Sporting Goods Corporation (NASDAQ:BGFV) released its quarterly earnings results on Tuesday. The company reported $0.28 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.28, Briefing.com reports. Big 5 Sporting Goods Corporation had a net margin of 2.30% and a return on equity of 11.86%. The business had revenue of $270.47 million during the quarter, compared to analysts’ expectations of $272.27 million. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue 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 (NASDAQ:BGFV) traded down 9.93% during midday trading on Tuesday, hitting $6.35. 2,607,567 shares of the stock were exchanged. The firm’s 50-day moving average is $7.45 and its 200 day moving average is $10.87. The firm has a market cap of $138.09 million, a PE ratio of 5.84 and a beta of -0.11. Big 5 Sporting Goods Corporation has a 52-week low of $6.25 and a 52-week high of $20.35.
In other Big 5 Sporting Goods Corporation news, Director Van B. Honeycutt bought 48,000 shares of the business’s stock in a transaction that occurred on Friday, August 18th. The stock was purchased at an average cost of $7.71 per share, with a total value of $370,080.00. Following the completion of the acquisition, the director now owns 18,600 shares in the company, valued at approximately $143,406. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.90% of the company’s stock.
A number of brokerages have recently weighed in on BGFV. ValuEngine lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered shares of Big 5 Sporting Goods Corporation from a “strong-buy” rating to a “sell” rating in a report on Tuesday, July 4th. Forward View restated a “hold” rating and issued a $8.00 price objective on shares of Big 5 Sporting Goods Corporation in a report on Sunday, September 3rd. BidaskClub lowered shares of Big 5 Sporting Goods Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th. Finally, Deutsche Bank AG lowered shares of Big 5 Sporting Goods Corporation from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.00 to $10.00 in a report on Wednesday, August 2nd. One research 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’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.00.
ILLEGAL ACTIVITY NOTICE: This piece was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://theolympiareport.com/2017/10/31/big-5-sporting-goods-corporation-bgfv-announces-earnings-results.html.
Big 5 Sporting Goods Corporation Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.