Academy Sports and Outdoors (NASDAQ:ASO) Updates FY25 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.75-6.50 for the period, compared to the consensus earnings per share estimate of $6.47. The company issued revenue guidance of $5.895-6.075 billion, compared to the consensus revenue estimate of $6.14 billion. Academy Sports and Outdoors also updated its FY 2024 guidance to 5.750-6.500 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on ASO. Wells Fargo & Company upped their price objective on shares of Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an equal weight rating in a research report on Wednesday. Wedbush restated an outperform rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday. Telsey Advisory Group restated an outperform rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Thursday, September 5th. Morgan Stanley restated an equal weight rating and set a $60.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday. Finally, JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an overweight rating to a neutral rating and reduced their price target for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $62.86.

Academy Sports and Outdoors Stock Down 1.2 %

Shares of NASDAQ ASO opened at $54.71 on Thursday. Academy Sports and Outdoors has a 12-month low of $42.83 and a 12-month high of $75.73. The stock has a market cap of $3.95 billion, a PE ratio of 8.37, a P/E/G 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. The company has a 50-day moving average of $53.36 and a 200 day moving average of $57.77.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company posted $2.01 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Academy Sports and Outdoors will post 6.25 EPS for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be paid a $0.11 dividend. The ex-dividend date is Thursday, September 19th. This represents a $0.44 annualized dividend and a dividend yield of 0.80%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.19% of the company’s stock.

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.