Forward PE ratios
On January 14, Nike’s (NKE) 12-month forward PE ratio was 25.8x.
Nike’s EPS projections
For fiscal 2019, Wall Street analysts expect Nike’s adjusted EPS to increase 10.9% YoY to $2.65. For fiscal 2020, analysts expect the company’s adjusted EPS to rise 18.4% YoY to $3.14.
Nike’s bottom-line growth is expected to be cushioned by higher revenues despite the increased tax burden and escalating expenses. For fiscal 2019, Nike expects the SG&A expenses to grow at a low-double-digit percentage rate. Nike expects its tax rate to be 16%–18%. The company hasn’t provided the EPS outlook.
Peers’ EPS projections
Analysts expect Under Armour’s adjusted EPS to rise 15.1% YoY to $0.22 in 2018. For 2019, Under Armour’s EPS is expected to increase 50.0% YoY to $0.33.
In fiscal 2018, analysts expect Columbia Sportswear’s adjusted EPS to increase 21.5% to $3.62. For fiscal 2019, Columbia Sportswear’s EPS could increase 12.4% to $4.07
For 2018, analysts expect that Skechers’ adjusted EPS could increase 3.4% to $1.84. For 2019, Skechers’ EPS is forecast to increase 8.2% to $1.99.
For Lululemon Athletica in fiscal 2018, analysts expect the EPS to increase 43.2% to $3.71. For fiscal 2019, the EPS is expected to increase 17.5% to $4.36.
Nike remains committed to paying dividends to its stockholders. The company increased its dividend 10.0% to $0.22 in December. The annualized dividend is $0.88.
Nike’s dividend yield was 1.2% based on its closing price of $76.09 on January 14. Columbia Sportswear’s dividend yield was the same on January 14. Under Armour, Skechers, and Lululemon Athletica don’t pay dividends.