Amer Sports (NYSE:AS) Issues Q1 Earnings Guidance

Amer Sports (NYSE:AS) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.14-$0.15 for the period, compared to the consensus EPS estimate of $0.17. The company issued revenue guidance of $1.35-$1.37 billion, compared to the consensus revenue estimate of $1.38 billion. Amer Sports also updated its FY 2025 guidance to 0.640-0.690 EPS.

Amer Sports Stock Up 1.9 %

Shares of AS traded up $0.55 during mid-day trading on Tuesday, reaching $29.15. The company had a trading volume of 3,329,739 shares, compared to its average volume of 2,906,544. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.77 and a current ratio of 1.62. The company has a market capitalization of $15.93 billion and a price-to-earnings ratio of -208.31. The firm has a 50-day moving average price of $30.00 and a 200 day moving average price of $22.30. Amer Sports has a 52 week low of $10.11 and a 52 week high of $34.00.

Amer Sports (NYSE:AS) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.17 earnings per share for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.60 billion. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. Amer Sports’s revenue was up 23.2% compared to the same quarter last year. On average, sell-side analysts forecast that Amer Sports will post 0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AS shares. Sanford C. Bernstein initiated coverage on Amer Sports in a research note on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target for the company. TD Cowen upped their target price on shares of Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Evercore ISI raised their price target on shares of Amer Sports from $26.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective on shares of Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $28.64.

About Amer Sports

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.