Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) 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
Read Our Latest Stock Analysis on Academy Sports and Outdoors
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.
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