Equities Analysts Offer Predictions for Nike, Inc.’s Q1 2018 Earnings (NKE)

Nike, Inc. (NYSE:NKE) – Research analysts at Wedbush issued their Q1 2018 earnings per share estimates for Nike in a research report issued on Thursday. Wedbush analyst C. Svezia anticipates that the footwear maker will post earnings of $0.63 per share for the quarter. Wedbush currently has a “Neutral” rating and a $52.00 target price on the stock. Wedbush also issued estimates for Nike’s Q2 2018 earnings at $0.53 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.57 EPS and FY2019 earnings at $2.65 EPS.

Several other equities analysts have also issued reports on NKE. Morgan Stanley set a $56.00 price target on Nike and gave the stock a “neutral” rating in a research report on Monday, March 13th. Piper Jaffray Companies reiterated a “neutral” rating and issued a $51.00 price objective on shares of Nike in a research report on Thursday, March 16th. Bank of America Corporation reiterated an “underperform” rating and issued a $46.00 price objective on shares of Nike in a research report on Wednesday, March 22nd. Deutsche Bank AG lifted their price objective on Nike from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Wednesday, March 8th. Finally, Vetr lowered Nike from a “buy” rating to a “hold” rating and set a $58.44 price objective on the stock. in a research report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $60.74.

Earnings History and Estimates for Nike (NYSE:NKE)

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Shares of Nike (NYSE NKE) opened at 51.10 on Friday. Nike has a 12-month low of $49.01 and a 12-month high of $60.33. The stock’s 50 day moving average price is $53.33 and its 200 day moving average price is $54.14. The company has a market capitalization of $84.35 billion, a PE ratio of 21.32 and a beta of 0.47.

Nike (NYSE:NKE) last released its earnings results on Tuesday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.43 billion for the quarter, compared to analysts’ expectations of $8.47 billion. Nike had a return on equity of 32.97% and a net margin of 12.02%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.55 earnings per share.

Hedge funds have recently made changes to their positions in the company. Baltimore Washington Financial Advisors Inc. purchased a new stake in shares of Nike during the fourth quarter worth about $10,508,000. Clarius Group LLC purchased a new stake in shares of Nike during the fourth quarter worth about $111,000. Webster Bank N. A. raised its stake in shares of Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock worth $117,000 after buying an additional 900 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Nike during the first quarter worth about $117,000. Finally, Gierl Augustine Investment Management Inc raised its stake in shares of Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock worth $118,000 after buying an additional 107 shares during the period. Hedge funds and other institutional investors own 65.55% of the company’s stock.

In other Nike news, Director John C. Lechleiter purchased 1,000 shares of the stock in a transaction dated Friday, March 24th. The shares were acquired at an average cost of $56.30 per share, for a total transaction of $56,300.00. Following the completion of the transaction, the director now directly owns 28,660 shares of the company’s stock, valued at $1,613,558. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 100,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $55.50, for a total transaction of $5,550,000.00. Following the completion of the sale, the chairman now owns 1,966,235 shares in the company, valued at $109,126,042.50. The disclosure for this sale can be found here. Insiders sold 379,000 shares of company stock worth $21,213,800 over the last quarter. Company insiders own 3.90% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Monday, June 5th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.41%. Nike’s dividend payout ratio is presently 30.00%.

Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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