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

Academy Sports and Outdoors (NASDAQ:ASO) issued its quarterly earnings data on Tuesday. The company reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.96 by $0.07, Briefing.com reports. 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 the consensus estimate of $1.57 billion. During the same period in the previous year, the firm earned $2.01 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. 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 Stock Performance

Shares of ASO opened at $54.71 on Thursday. The firm has a market capitalization of $3.95 billion, a P/E ratio of 8.37, a PEG ratio of 0.92 and a beta of 1.34. 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 one year low of $42.83 and a one year high of $75.73. The business has a fifty day moving average of $53.36 and a 200 day moving average of $57.77.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued 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 dividend yield of 0.80%. Academy Sports and Outdoors’s payout ratio is 6.73%.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on ASO. Loop Capital reissued a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday. Truist Financial raised their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday. 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. Finally, JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $76.00 to $53.00 in a research note on Monday, August 5th. Six research analysts have rated the stock with a hold rating and eight have given 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 target price of $62.86.

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.