Academy Sports and Outdoors (NASDAQ:ASO) Releases Earnings Results, Beats Expectations By $0.07 EPS

Academy Sports and Outdoors (NASDAQ:ASO) posted its earnings results on Tuesday. The company reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07, Briefing.com reports. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Academy Sports and Outdoors updated its FY25 guidance to $5.75-6.50 EPS and its FY 2024 guidance to 5.750-6.500 EPS.

Academy Sports and Outdoors Stock Down 1.2 %

NASDAQ:ASO opened at $54.71 on Thursday. The business’s fifty day moving average price is $53.36 and its 200 day moving average price is $57.77. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 1-year low of $42.83 and a 1-year high of $75.73.

Academy Sports and Outdoors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.80%. Academy Sports and Outdoors’s payout ratio is currently 6.73%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total value of $33,906.25. Following the transaction, the director now owns 10,106 shares in the company, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ASO. Jefferies Financial Group lowered their price target on Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday. Truist Financial raised their price target on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price objective on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Morgan Stanley reissued an “equal weight” rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday. Finally, Bank of America lowered shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and decreased their target price for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of “Moderate Buy” and an average price target of $62.86.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.