Academy Sports and Outdoors (NASDAQ:ASO) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Academy Sports and Outdoors (NASDAQ:ASO) released its quarterly earnings data on Tuesday. The company reported $2.03 earnings per share for the quarter, beating 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 analyst estimates of $1.57 billion. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. Academy Sports and Outdoors’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. 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 Trading Down 1.2 %

Shares of ASO opened at $54.71 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The firm has a 50 day moving average price of $53.36 and a 200-day moving average price of $57.77. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 0.92 and a beta of 1.34.

Academy Sports and Outdoors Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ASO shares. UBS Group downgraded Academy Sports and Outdoors from a “buy” rating to a “neutral” rating and cut their target price for the stock from $81.00 to $58.00 in a research note on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $60.00 price objective on shares of Academy Sports and Outdoors in a research report on Wednesday. Truist Financial upped their target price on shares of Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird cut their price target 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, June 12th. Finally, Jefferies Financial Group decreased 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 report on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Moderate Buy” and an average price target of $62.86.

Insider Buying and Selling

In other news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was 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 available at this hyperlink. 2.19% of the stock is owned by corporate insiders.

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.