Zacks: Analysts Expect Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Will Announce Earnings of $1.29 Per Share

Wall Street brokerages expect Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to report $1.29 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have issued estimates for Academy Sports and Outdoors’ earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.43. Academy Sports and Outdoors reported earnings of $1.09 per share during the same quarter last year, which indicates a positive year over year growth rate of 18.3%. The firm is expected to report its next earnings results on Tuesday, March 29th.

On average, analysts expect that Academy Sports and Outdoors will report full year earnings of $7.28 per share for the current fiscal year, with EPS estimates ranging from $7.22 to $7.41. For the next year, analysts expect that the firm will post earnings of $6.16 per share, with EPS estimates ranging from $5.80 to $6.70. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Academy Sports and Outdoors.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its earnings results on Friday, December 10th. The company reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.66. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. Academy Sports and Outdoors had a return on equity of 51.38% and a net margin of 9.47%. The business’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS.

Several equities research analysts have commented on ASO shares. Oppenheimer started coverage on Academy Sports and Outdoors in a research note on Tuesday, December 14th. They set an “outperform” rating for the company. Wedbush initiated coverage on Academy Sports and Outdoors in a research note on Monday, October 25th. They set an “outperform” rating and a $54.00 price target for the company. Zacks Investment Research raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Wednesday, December 15th. UBS Group upped their target price on Academy Sports and Outdoors from $52.00 to $56.00 and gave the stock a “buy” rating in a research report on Monday, December 6th. Finally, The Goldman Sachs Group raised Academy Sports and Outdoors from a “neutral” rating to a “buy” rating and upped their target price for the stock from $47.00 to $58.00 in a research report on Tuesday, December 14th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $53.55.

ASO traded down $1.65 during trading on Friday, hitting $38.41. 2,679,035 shares of the stock were exchanged, compared to its average volume of 2,179,081. The firm has a market capitalization of $3.40 billion, a P/E ratio of 5.89, a PEG ratio of 0.38 and a beta of 1.08. The company has a quick ratio of 0.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $43.51 and a two-hundred day moving average price of $41.55. Academy Sports and Outdoors has a 1-year low of $20.31 and a 1-year high of $51.08.

In other Academy Sports and Outdoors news, CMO Steven Paul Lawrence sold 4,455 shares of the stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $48.02, for a total transaction of $213,929.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP William S. Ennis sold 95,404 shares of the stock in a transaction that occurred on Thursday, November 18th. The stock was sold at an average price of $49.70, for a total value of $4,741,578.80. The disclosure for this sale can be found here. Insiders sold 281,851 shares of company stock valued at $13,703,863 in the last three months. 1.83% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP acquired a new stake in shares of Academy Sports and Outdoors during the 3rd quarter worth approximately $25,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Academy Sports and Outdoors during the 4th quarter worth approximately $44,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $49,000. Banque Cantonale Vaudoise acquired a new stake in shares of Academy Sports and Outdoors during the 2nd quarter worth approximately $81,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Academy Sports and Outdoors by 43.5% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 2,439 shares of the company’s stock worth $98,000 after purchasing an additional 739 shares during the period.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.

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