Academy Sports and Outdoors (NASDAQ:ASO) Updates FY25 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.80-6.10 for the period, compared to the consensus EPS estimate of $6.20. The company issued revenue guidance of $5.895-5.940 billion, compared to the consensus revenue estimate of $6.03 billion. Academy Sports and Outdoors also updated its FY 2024 guidance to 5.800-6.100 EPS.

Analyst Ratings Changes

A number of research analysts have weighed in on ASO shares. Wedbush restated an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. TD Cowen boosted their price target on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a “hold” rating in a research report on Wednesday, September 11th. Truist Financial downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and cut their price objective for the company from $63.00 to $50.00 in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 11th. Finally, Loop Capital reaffirmed a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.21.

Academy Sports and Outdoors Stock Up 4.3 %

Academy Sports and Outdoors stock opened at $52.58 on Wednesday. The firm has a market capitalization of $3.70 billion, a P/E ratio of 8.11, a P/E/G ratio of 0.97 and a beta of 1.31. The company has a current ratio of 1.66, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $44.73 and a twelve month high of $75.73. The stock’s fifty day simple moving average is $51.59 and its 200-day simple moving average is $53.47.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business earned $1.38 EPS. Academy Sports and Outdoors’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts expect that Academy Sports and Outdoors will post 6 earnings per share for the current fiscal year.

Academy Sports and Outdoors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, December 18th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.84%. The ex-dividend date is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 6.79%.

Insider Activity

In other news, Director Jeffrey C. Tweedy sold 1,200 shares of Academy Sports and Outdoors stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the sale, the director now owns 8,906 shares in the company, valued at approximately $552,172. The trade was a 11.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.19% of the company’s stock.

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.