Company Update: Nike Inc (NYSE:NKE) – NIKE Unveils a Wave of Innovation That Defines the Future of Sport

[Business Wire] – Today, NIKE, Inc. , the world’s largest and most innovative sports brand, revealed the future of sport, highlighted by the groundbreaking “adaptive lacing” platform, as well as a pioneering football technology that separates mud from cleats and transformations in the celebrated innovations of Nike Air and Nike Flyknit that reinvent modern footwear design. Read more on this. NIKE, Inc. (NKE) , valued at $105.36B, opened at $61.46. Looking at the equity, the company’s one day range is $61.29 to $62.23 with a one year range of $47.25 to $68.19. NKE shares are currently priced at 28.56x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 19.75x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.64 per share annually in dividends, yielding 1.07%. 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. The full-year EPS estimate is $2.15, which would be a $0.30 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.20 Billion. If reported, that would be a 9.92% increase over the year-ago quarter. Recently, BB&T Capital Mkts upgraded NKE from Hold to Buy (Oct 19, 2015). Previously, DA Davidson upgraded NKE from Neutral to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $71.09, which is 15.67% above where the stock opened this morning. See more in (NYSE:NKE) Similar Articles: Market Update: Nike Inc (NYSE:NKE) – NIKE, Inc. Declares $0.16 Quarterly Dividend 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