Company Update (NYSE:NKE): NIKE, Inc. Announces Third Quarter Fiscal 2016 Earnings and Conference Call

[Business Wire] – NIKE, Inc. plans to release its third quarter fiscal 2016 financial results on Tuesday, March 22, 2016, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Read more on this. NIKE, Inc. (NKE) , currently valued at $101.87B, opened this morning at $59.04. During the trading session, NKE traded between $58.71 to $60.60 and has traded between $47.25 and $68.19 over the past year. NKE shares are currently priced at 27.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.03x earnings multiple. And for dividend hunters, the company pays shareholders $0.64 per share annually in dividends, yielding 1.04%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.49 per share, which would be $0.04 better than the year-ago quarter and a $0.04 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $2.15 would be a $0.30 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $8.20 Billion. If realized, that would be a 9.92% increase over the year-ago quarter. More recently, BB&T Capital Mkts upgraded NKE from Hold to Buy (Oct 19, 2015). Previously, DA Davidson upgraded NKE from Neutral to Buy. With the above information in mind, readers should note that the average price target is $71.92, which is 21.82% above where the stock opened this morning. See more in (NYSE:NKE) Similar Articles: Company Update (NYSE:NKE): NIKE, Inc. Announces Target of $50 Billion in Revenue by End of FY20* Stock Update: Nike Inc (NYSE:NKE) – NIKE, Inc. Announces Bob Hurley to Step Down as CEO of Hurley Company Update (NYSE:NKE): NIKE, Inc. Announces First Quarter Fiscal 2016 Earnings and Conference Call