NIKE (NKE) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

NIKE (NKE) announced its quarterly earnings results on Tuesday, Dec-22-2015. The company reported $0.90 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.04. Analyst had a consensus of $0.86 EPS. The company had revenue of $7686.00 million for the quarter, compared to analysts expectations of $7808.98 million.The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, NIKE posted $0.74 EPS.

Shares of Nike, Inc. (NYSE:NKE) ended Thursday session in red amid volatile trading. The shares closed down 0.71 points or 0.54% at $130.22 with 3,686,807 shares getting traded. Post opening the session at $131.7, the shares hit an intraday low of $130.07 and an intraday high of $131.85 and the price vacillated in this range throughout the day. The company has a market cap of $110,973 million and the number of outstanding shares has been calculated to be 852,193,760 shares. The 52-week high of Nike, Inc. (NYSE:NKE) is $135.3 and the 52-week low is $90.6901.

During the last several months other analysts have commented on the company rating. Equity Analysts at the Goldman Sachs downgrades the rating on Nike, Inc. (NYSE:NKE). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Conviction Buy. The Analysts at the ratings agency lowers the price target to $148 per share. The rating by the firm was issued on December 2, 2015.

Nike, Inc. (NYSE:NKE) has received a short term rating of hold from research analysts at Zacks with a rank of 3. The company has been rated an average of 1.35 by 24 Wall Street Analysts. 19 analysts have added the shares in their list of strong buys. 1 stock experts have also rated a buy. 4 broker firms have advised hold.

Nike, Inc. (NYSE:NKE) shares are expected to touch $136.91 in the short term. This short term price target has been shared by 22 analysts. However, the standard deviation of short term price estimate has been valued at 11.46. The target price could hit $150 on the higher end and $105 on the lower end.

Shares of NIKE, Inc. rose by 1.23% in the last five trading days and 6.49% for the last 4 weeks. NIKE, Inc. is up 13.46% in the last 3-month period. Year-to-Date the stock performance stands at 36.87%.”

NIKE, Inc. (NIKE) is engaged in the design, development and worldwide marketing and selling of footwear, apparel, equipment, accessories and services. NIKE is a seller of athletic footwear and athletic apparel worldwide. The Company focuses its product offerings in seven key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, NIKE Sportswear (its sports-inspired products) and Action Sports. It also markets products designed for kids, as well as for other athletic and recreational uses, such as baseball, cricket, golf, lacrosse, outdoor activities, football (American), tennis, volleyball, walking and wrestling. In February 2013, it sold its Cole Haan affiliate brand to APAX Partners LLP.