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

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) is projected to release its earnings data before the market opens on Thursday, March 20th. Analysts expect Academy Sports and Outdoors to post earnings of $1.82 per share and revenue of $1.67 billion for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last released its earnings results on Tuesday, December 10th. The company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.30). Academy Sports and Outdoors had a return on equity of 23.32% and a net margin of 7.49%. 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 posted $1.38 earnings per share. Academy Sports and Outdoors's revenue was down 3.9% on a year-over-year basis. On average, analysts expect Academy Sports and Outdoors to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Academy Sports and Outdoors Price Performance

ASO opened at $44.87 on Thursday. The company's 50 day simple moving average is $52.67 and its 200 day simple moving average is $53.59. 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 has a 1 year low of $44.50 and a 1 year high of $74.26. The stock has a market capitalization of $3.11 billion, a PE ratio of 7.37, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders 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 yield of 1.16%. This is a boost from Academy Sports and Outdoors's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. Academy Sports and Outdoors's payout ratio is 7.22%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Robert W. Baird reduced their price target on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Citigroup assumed coverage on shares of Academy Sports and Outdoors in a research report on Wednesday, December 18th. They set a "buy" rating and a $65.00 price target on the stock. Telsey Advisory Group reduced their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. TD Cowen lifted their price target on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Wednesday, January 8th. Finally, Truist Financial lifted their price target on shares of Academy Sports and Outdoors from $50.00 to $51.00 and gave the company a "hold" rating in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $61.67.

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Academy Sports and Outdoors Company Profile

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.

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