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

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.75-6.50 for the period, compared to the consensus 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 commented on ASO. Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an equal weight rating for the company in a report on Wednesday, June 12th. JPMorgan Chase & Co. downgraded shares of Academy Sports and Outdoors from an overweight rating to a neutral rating and reduced their price objective for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. UBS Group cut shares of Academy Sports and Outdoors from a buy rating to a neutral rating and dropped their target price for the stock from $81.00 to $58.00 in a research report on Wednesday, June 12th. Loop Capital reaffirmed a buy rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research report on Monday, July 1st. Finally, Wells Fargo & Company cut their price objective on Academy Sports and Outdoors from $55.00 to $46.00 and set an equal weight rating on the stock in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $64.93.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ ASO opened at $55.38 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.62 and a quick ratio of 0.41. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The company’s 50-day moving average is $53.29 and its 200 day moving average is $57.80. The stock has a market capitalization of $3.99 billion, a P/E ratio of 8.47, a P/E/G ratio of 0.92 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the firm posted $2.01 earnings per share. Academy Sports and Outdoors’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts expect that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 19th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Insider Activity at Academy Sports and Outdoors

In other Academy Sports and Outdoors 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 transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.19% of the stock is owned by company insiders.

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.