Amer Sports (NYSE:AS) Releases Earnings Results, Beats Expectations By $0.11 EPS

Amer Sports (NYSE:AS) released its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11, Briefing.com reports. The company had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. Amer Sports’s revenue was up 16.0% on a year-over-year basis.

Amer Sports Trading Up 3.8 %

Shares of NYSE:AS opened at $14.15 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.96 and a quick ratio of 0.97. The stock has a 50 day moving average price of $12.18 and a 200-day moving average price of $14.13. Amer Sports has a 52-week low of $10.11 and a 52-week high of $18.23.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Morgan Stanley decreased their target price on shares of Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 23rd. Wells Fargo & Company decreased their price objective on shares of Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Evercore ISI reaffirmed an “outperform” rating and set a $21.00 price objective on shares of Amer Sports in a research note on Wednesday. Finally, UBS Group raised their target price on Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.