Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2025 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 5.450-6.25 for the period, compared to the consensus earnings per share estimate of 5.970. The company issued revenue guidance of $6.0 billion-$6.3 billion, compared to the consensus revenue estimate of $6.1 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. B. Riley decreased their target price on shares of Academy Sports and Outdoors from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $58.00 target price (down from $60.00) on shares of Academy Sports and Outdoors in a report on Tuesday. Wedbush decreased their target price on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company raised their target price on shares of Academy Sports and Outdoors from $38.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, Morgan Stanley decreased their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $56.31.

Academy Sports and Outdoors Trading Up 1.4%

ASO opened at $45.22 on Thursday. Academy Sports and Outdoors has a fifty-two week low of $33.34 and a fifty-two week high of $64.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.57 and a quick ratio of 0.32. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 1.02 and a beta of 1.28. The company’s 50 day moving average price is $40.25 and its two-hundred day moving average price is $47.83.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The company’s revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that Academy Sports and Outdoors will post 5.59 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Thursday, June 19th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Wednesday, June 18th. Academy Sports and Outdoors’s payout ratio is 9.01%.

Institutional Investors Weigh In On Academy Sports and Outdoors

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its position in shares of Academy Sports and Outdoors by 8.5% in the 1st quarter. Royal Bank of Canada now owns 59,775 shares of the company’s stock worth $2,726,000 after purchasing an additional 4,665 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Academy Sports and Outdoors by 3.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,472 shares of the company’s stock worth $1,846,000 after purchasing an additional 1,257 shares during the period. United Services Automobile Association acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $223,000. Finally, Strs Ohio acquired a new position in shares of Academy Sports and Outdoors in the 1st quarter worth approximately $128,000.

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.