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

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings results on Tuesday. The company reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07, Briefing.com reports. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.57 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 earnings per share. 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 Price Performance

ASO opened at $54.71 on Thursday. The company has a quick ratio of 0.41, a current ratio of 1.62 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 company has a 50 day moving average of $53.36 and a two-hundred day moving average of $57.77. The company has a market cap of $3.95 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.92 and a beta of 1.34.

Academy Sports and Outdoors Announces Dividend

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

Insiders Place Their Bets

In other news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now directly owns 10,106 shares of the company’s stock, valued at $548,250.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ASO shares. UBS Group downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and lowered their target price for the company from $81.00 to $58.00 in a report on Wednesday, June 12th. Jefferies Financial Group lowered their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley restated an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday. Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday. Finally, Evercore ISI boosted their target price on shares of Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.86.

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.