Academy Sports and Outdoors (NASDAQ:ASO) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Academy Sports and Outdoors (NASDAQ:ASOGet Free Report) released its quarterly earnings data on Tuesday. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.11), Briefing.com reports. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 earnings per share. Academy Sports and Outdoors updated its FY25 guidance to $6.05-7.05 EPS and its FY 2024 guidance to 6.050-7.050 EPS.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $51.10 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a 52 week low of $42.83 and a 52 week high of $75.73. The business’s 50 day moving average price is $57.27 and its 200 day moving average price is $62.20. The firm has a market cap of $3.77 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.81 and a beta of 1.37.

Academy Sports and Outdoors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be given a $0.11 dividend. The ex-dividend date is Thursday, June 20th. This represents a $0.44 dividend on an annualized basis and a yield of 0.86%. Academy Sports and Outdoors’s dividend payout ratio is currently 6.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price on shares of Academy Sports and Outdoors from $80.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday. Wedbush reduced their target price on shares of Academy Sports and Outdoors from $80.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday. Bank of America downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $75.00 to $63.00 in a report on Tuesday. Truist Financial reduced their target price on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Finally, Morgan Stanley reduced their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.27.

View Our Latest Analysis on Academy Sports and Outdoors

Insiders Place Their Bets

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the sale, the director now owns 7,870 shares in the company, valued at approximately $472,200. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.19% of the company’s stock.

About Academy Sports and Outdoors

(Get Free Report)

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.

Read More

Earnings History for Academy Sports and Outdoors (NASDAQ:ASO)

Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.