Academy Sports and Outdoors (ASO) Expected to Announce Earnings on Thursday

Academy Sports and Outdoors (NASDAQ:ASO) is anticipated to announce its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $1.67 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Academy Sports and Outdoors Price Performance

Shares of NASDAQ:ASO opened at $46.39 on Wednesday. Academy Sports and Outdoors has a one year low of $43.16 and a one year high of $72.35. The stock has a fifty day moving average of $51.75 and a 200-day moving average of $53.30. The company has a market capitalization of $3.22 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, March 25th. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio is 8.54%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ASO shares. Robert W. Baird cut their price objective on Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a report on Wednesday, December 11th. UBS Group reduced their target price on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating for the company in a report on Tuesday. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a report on Monday. Finally, TD Cowen increased their target price on Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday, January 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $61.13.

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.