Amer Sports (NYSE:AS) Releases FY 2026 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.270-1.300 for the period, compared to the consensus estimate of 1.260. The company issued revenue guidance of $8.1 billion-$8.1 billion, compared to the consensus revenue estimate of $8.0 billion. Amer Sports also updated its Q3 2026 guidance to 0.310-0.330 EPS.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $45.00 price target on shares of Amer Sports in a report on Monday, July 27th. UBS Group lifted their price objective on shares of Amer Sports from $60.00 to $62.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amer Sports in a research report on Friday, July 24th. Truist Financial increased their target price on Amer Sports from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, May 19th. Finally, Robert W. Baird set a $51.00 price target on Amer Sports in a research note on Wednesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Amer Sports has a consensus rating of “Buy” and an average price target of $49.70.

Amer Sports Stock Down 0.8%

Shares of NYSE AS opened at $32.60 on Tuesday. The stock has a market capitalization of $18.06 billion, a P/E ratio of 40.75, a PEG ratio of 1.12 and a beta of 2.05. Amer Sports has a one year low of $28.92 and a one year high of $42.76. The firm’s 50 day simple moving average is $34.98 and its two-hundred day simple moving average is $35.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.66 and a quick ratio of 0.82.

Amer Sports (NYSE:AS) last announced its quarterly earnings data on Monday, August 17th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Amer Sports had a net margin of 6.50% and a return on equity of 10.29%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business posted $0.03 EPS. As a group, analysts expect that Amer Sports will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Wen-Chang (Victor) Chen sold 13,075 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $35.62, for a total transaction of $465,731.50. Following the transaction, the insider directly owned 149,821 shares in the company, valued at $5,336,624.02. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jie (James) Zheng sold 500,000 shares of Amer Sports stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $34.42, for a total value of $17,210,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,262,385 shares in the company, valued at $43,451,291.70. This trade represents a 28.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 833,580 shares of company stock worth $29,200,266.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AS. Scopus Asset Management L.P. purchased a new position in shares of Amer Sports in the second quarter worth $108,562,000. Viking Global Investors LP boosted its position in Amer Sports by 63.5% during the 3rd quarter. Viking Global Investors LP now owns 6,343,481 shares of the company’s stock valued at $220,436,000 after buying an additional 2,462,832 shares during the period. Balyasny Asset Management L.P. bought a new stake in Amer Sports in the 2nd quarter worth $87,287,000. BNP Paribas Financial Markets grew its holdings in Amer Sports by 244.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company’s stock worth $98,203,000 after acquiring an additional 1,798,170 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Amer Sports by 1,983.1% in the third quarter. Alliancebernstein L.P. now owns 1,764,308 shares of the company’s stock valued at $61,310,000 after acquiring an additional 1,679,612 shares during the period. Institutional investors own 40.25% of the company’s stock.

About Amer Sports

Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.

Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).