Academy Sports and Outdoors (ASO) is expected to release quarterly results on Wednesday
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) is expected to announce results before market open on Wednesday, September 7. Analysts expect the company to report earnings of $2.10 per share for the quarter. Academy Sports and Outdoors set its fiscal year 2022 guidance at $6.55 to $7.25 EPS and its fiscal year 23 guidance at $6.55 to $7.25 EPS. Those interested in participating in the company’s earnings conference call can do so using this link.
Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released quarterly earnings data on Tuesday, June 7. The company reported earnings per share (EPS) of $1.73 for the quarter, beating the consensus estimate of $1.40 by $0.33. The company posted revenue of $1.47 billion in the quarter, compared to analysts’ estimates of $1.45 billion. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The company’s revenue for the quarter decreased 7.1% year over year. During the same period last year, the company achieved EPS of $1.89. On average, analysts expect Academy Sports and Outdoors to post EPS of $7 for the current fiscal year and EPS of $8 for the next fiscal year.
Academy Sports and Outdoors Awards Performance
NASDAQ: ASO opened at $44.00 on Wednesday. The company has a market capitalization of $3.74 billion, a price-earnings ratio of 6.31, a PEG ratio of 0.69 and a beta of 1.39. Academy Sports and Outdoors has a 1-year minimum of $25.10 and a 1-year maximum of $51.08. The company has a 50-day simple moving average of $41.68 and a 200-day simple moving average of $37.92. The company has a debt ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.44.
Academy Sports and Outdoors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14. Shareholders of record on Thursday, June 16 received a dividend of $0.075. This represents an annualized dividend of $0.30 and a dividend yield of 0.68%. The ex-dividend date was Wednesday, June 15. The Academy Sports and Outdoors payout ratio is 4.30%.
Changes to analyst ratings
A number of equity research analysts have recently released ASO stock reports. Truist Financial began covering Academy Sports and Outdoors in a research note on Wednesday, May 11. They set a “buy” rating and a price target of $53.00 for the company. Stephens raised his price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a Wednesday, June 8 report. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a Wednesday May 4 report. Morgan Stanley launched coverage on Academy Sports and Outdoors in a Monday, August 15, report. They set an “equal weight” rating and a price target of $50.00 on the stock. Finally, UBS Group reduced its price target on Academy Sports and Outdoors to $55.00 in a Thursday, June 9 report. One research analyst gave the stock a hold rating and twelve gave the company’s stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $54.69.
Institutional trade in sports and outdoor academy
A number of institutional investors and hedge funds have recently increased or reduced their stake in the company. BlackRock Inc. increased its equity stake in Academy Sports and Outdoors by 124.0% in Q1. BlackRock Inc. now owns 13,562,648 shares of the company valued at $534,370,000 after purchasing an additional 7,507,589 shares during the period. Vanguard Group Inc. increased its equity stake in Academy Sports and Outdoors by 11.3% in Q1. Vanguard Group Inc. now owns 9,462,337 shares of the company valued at $372,817,000 after purchasing an additional 958,800 shares during the period. State Street Corp increased its holdings of Academy Sports and Outdoors stock 4.7% in the second quarter. State Street Corp now owns 2,966,854 shares of the company valued at $105,660,000 after purchasing an additional 132,717 shares during the period. Goldman Sachs Group Inc. increased its holdings in Academy Sports and Outdoors stock by 53.2% in the second quarter. Goldman Sachs Group Inc. now owns 1,863,331 shares of the company valued at $66,223,000 after purchasing an additional 647,278 shares during the period. Finally, Renaissance Technologies LLC increased its equity stake in Academy Sports and Outdoors by 680.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company valued at $45,212,000 after purchasing an additional 1,000,500 shares during the period. Institutional investors and hedge funds own 98.01% of the company’s shares.
Company Profile Academy Sports and Outdoors
(Get a rating)
Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.
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