Academy Sports and Outdoors (NASDAQ:ASO) Issues FY 2024 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.800-6.100 for the period, compared to the consensus earnings per share estimate of 6.210. The company issued revenue guidance of $5.9 billion-$5.9 billion, compared to the consensus revenue estimate of $6.0 billion. Academy Sports and Outdoors also updated its FY25 guidance to $5.80-6.10 EPS.

Wall Street Analyst Weigh In

Several research firms have commented on ASO. Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Loop Capital reissued a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Wells Fargo & Company lifted 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, September 11th. Morgan Stanley reissued an “equal weight” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group dropped their price target on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.21.

Academy Sports and Outdoors Price Performance

ASO stock opened at $50.41 on Tuesday. The business has a 50-day simple moving average of $51.59 and a two-hundred day simple moving average of $53.47. Academy Sports and Outdoors has a 52-week low of $44.73 and a 52-week high of $75.73. The company has a market capitalization of $3.54 billion, a P/E ratio of 7.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.66.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.38 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. Research analysts expect that Academy Sports and Outdoors will post 6 EPS for the current fiscal year.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.79%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares of the company’s stock, valued at approximately $552,172. This represents a 11.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.19% of the company’s stock.

About Academy Sports and Outdoors

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.