Wall Street brokerages predict that Nike Inc (NYSE:NKE) will post sales of $10.45 billion for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Nike’s earnings, with estimates ranging from $10.37 billion to $10.62 billion. Nike reported sales of $9.95 billion during the same quarter last year, which suggests a positive year over year growth rate of 5%. The company is expected to issue its next earnings report after the market closes on Tuesday, September 24th.

On average, analysts expect that Nike will report full-year sales of $42.21 billion for the current financial year, with estimates ranging from $42.03 billion to $42.35 billion. For the next financial year, analysts forecast that the firm will post sales of $45.74 billion, with estimates ranging from $45.42 billion to $46.35 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Nike.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 27th. The footwear maker reported $0.62 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.04). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.15 billion. Nike had a return on equity of 45.12% and a net margin of 10.30%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 EPS.

A number of equities research analysts recently commented on NKE shares. Zacks Investment Research raised shares of Nike from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a report on Monday, May 27th. Stifel Nicolaus set a $96.00 price objective on Nike and gave the company a “buy” rating in a report on Wednesday, August 7th. Pivotal Research set a $101.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Piper Jaffray Companies set a $97.00 target price on Nike and gave the stock a “buy” rating in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. boosted their target price on Nike from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. Nike currently has a consensus rating of “Buy” and a consensus price target of $90.39.

In related news, insider Elliott Hill sold 3,228 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $87.07, for a total value of $281,061.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elizabeth J. Comstock sold 24,000 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $84.84, for a total value of $2,036,160.00. Following the completion of the sale, the director now owns 38,813 shares in the company, valued at approximately $3,292,894.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 194,637 shares of company stock worth $16,767,237. Company insiders own 3.80% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Joseph P. Lucia & Associates LLC bought a new stake in Nike during the first quarter valued at approximately $25,000. Shamrock Asset Management LLC bought a new position in shares of Nike in the 1st quarter worth $25,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Nike during the 1st quarter valued at $25,000. Thor Advisors LLC purchased a new stake in shares of Nike during the 1st quarter valued at $26,000. Finally, Mackey Komara & Dankovich LLC purchased a new stake in shares of Nike during the 1st quarter valued at $30,000. 65.09% of the stock is owned by institutional investors.

Shares of Nike stock traded down $1.84 on Friday, reaching $86.83. 5,876,124 shares of the company traded hands, compared to its average volume of 6,411,690. The company has a 50 day moving average of $83.76 and a 200 day moving average of $84.71. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.10 and a quick ratio of 1.39. Nike has a 52 week low of $66.53 and a 52 week high of $90.00. The firm has a market capitalization of $138.97 billion, a PE ratio of 34.87, a PEG ratio of 2.35 and a beta of 0.79.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, August 30th. Nike’s payout ratio is presently 35.34%.

About Nike

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: What are some reasons analysts would give stocks a buy rating?

Get a free copy of the Zacks research report on Nike (NKE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Nike (NYSE:NKE)

Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.