New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2013
10:27 EDTNKEEarnings Preview: Analyst sees Nike reporting 'solid' Q2 results
Nike (NKE) is expected to report second quarter earnings after the bell on Thursday, December 19, with a conference call scheduled for 5:00 pm ET. Nike sells athletic footwear, apparel, equipment and accessories worldwide. EXPECTATIONS: Analysts are looking for earnings per share of 58c on revenue of $6.44B. The consensus range is 53c-63c for EPS and $6.24B-$6.61B for revenue, according to First Call. During its Q1 earnings conference call, Nike said it expects Q2 and FY14 revenue growing at a high single-digit rate. LAST QUARTER: The company reported Q1 EPS of 86c, beating the consensus expectation of 78c. Nike's revenue of $7B also topped the $6.96B consensus projection. Nike reported a Q1 gross margin of 44.9%, which was up 120 basis points. The company also reported worldwide futures orders were up 8%. NEWS: Nike recently announced a 14% increase to its quarterly dividend. The 24c quarterly dividend is payable on January 6, 2014, to shareholders of record at the close of business on December 16. At an October investor meeting, Nike forecast $30B in revenue by the end of FY15 and revenue of $36B by the end of FY17. Other FY17 growth targets highlighted at the meeting included: apparel to grow to $10B from $7.5B, women’s business to grow to $7B from $4B, and direct to consumer e-commerce business to grow to $2B from nearly $550M. STREET RESEARCH: Morgan Stanley expects Nike to report "solid" Q2 EPS of 59c and sales growth of 8.5%. The firm expects the report and futures growth to be a catalyst for shares. PRICE ACTION: In mid-morning trading, Nike shares were down about 0.6% to $77.99. Over the last three months, Nike has risen over 12%.
News For NKE From The Last 14 Days
Check below for free stories on NKE the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2014
16:17 EDTNKENike appoints Gilt CEO Michelle Peluso to board
Subscribe for More Information
April 16, 2014
16:22 EDTNKEUSA Track & Field, Nike sign long-term partnership
Subscribe for More Information
07:05 EDTNKENike, Adidas output disrupted by China shoe factory strike, Bloomberg says
Employees at Nike (NKE) and Adidas (ADDYY) shoe supplier Yue Yuen Industrial in Dongguan, China have been on strike for three days in hopes to gain a 30% wage increase and better benefits, according to Bloomberg, citing a Yue Yuen spokesman. Reference Link
April 10, 2014
10:00 EDTNKEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:10 EDTNKENike upgraded at Macquarie
As previously reported, Macquarie upgraded Nike to Outperform from Neutral. The firm is positive on Nike based on expectations for overseas revenue acceleration, strong futures orders, valuation, lower cost of production in Vietnam and sportswear category growth. Price target raised to $84 from $80.
05:57 EDTNKENike upgraded to Outperform from Neutral at Macquarie
April 8, 2014
12:12 EDTNKEOn The Fly: Midday Wrap
Subscribe for More Information
10:03 EDTNKEOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:09 EDTNKEOn The Fly: Pre-market Movers
HIGHER: BioScrip (BIOS), up 6.7% after stock was named as a stock pick and a potential takeover target by Oscar Schafer while speaking on CNBC... Nokia (NOK), up 5% after deal to sell substantially all of its Devices & Services business to Microsoft (MSFT) receives regulatory approval in China... Ctrip.com (CTRP), up 4.6% after Bloomberg said, citing sources, that the company is in talks with Baidu-controlled (BIDU) Qunar (QUNR) about a partnership or a potential merger... Plug Power (PLUG), up 4.6% after CEO discusses plan to expand fuel cells to trucks in interview... FireEye (FEYE), up 2.5% following upgrade at Wedbush... Twitter (TWTR), up 2% following initiation of coverage with a Buy rating at at Janney Capital... Nike (NKE), up 1.75% after upgraded at Stifel. LOWER: Gigamon (GIMO), down 23% after lowering revenue outlook, shares downgraded at Pacific Crest... LivePerson (LPSN), down 3% after announcing resignation of EVP, Worldside Sales, shares downgraded at Benchmark... Cisco (CSCO), down 0.5% following downgrade to Hold from Buy at Wunderlich.
07:05 EDTNKENike upgraded at Stifel
Subscribe for More Information
06:23 EDTNKENike upgraded to Buy from Hold at Stifel
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use