Quite a few investment analysts have predicted that the stocks of NKE would be posting an EPS of $0.49 for this quarter. According to a report, eight of the investment analysts have already predicted the EPS estimates for the company. The ball has been rolled from $0.42, with the highest coming in at $0.61. The EPS reported by the company during this period was $0.51, which indicates an annual growth rate of 196.1%. The company will be putting up its next quarterly report on the 24th of June.
The Quarterly Reports of NKE
NKE put up their previous quarterly report on the 17th of March. The company had reported an EPS of $0.90, which was more than the consensus estimate of $0.75. The return on equity for the company was 34.89%, with a net margin of 7.39%. The revenue generated by the company during this period was $10.40 billion, which was slightly less than the analyst expectation of $10.98 billion.
There have been quite a few research equities that have commented on the stocks of NKE. Credit Suisse Group has already increased the price target from $162 to $176, with a rating of outperform in a 25th March research report.
Jefferies Financial Group has increased the price target of the company to $140, along with a price rating increased to neutral in a 4th January research report. Williams Financial Group has also started covering the company with a rating of buy and a price target of $175. Pivotal Research has also increased the price target to $167 with a rating of buy in a 16th March research report.
One of the investment analysts has already given the stocks a rating of sell, with four other analysts giving it a rating of hold. Thirty other equity analysts have issued the company a rating of buy. Currently, NKE has a buy rating with a $159.83 price target.
