Academy Sports and Outdoors (NASDAQ:ASO) Posts Earnings Results, Misses Estimates By $0.30 EPS

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.30), Briefing.com reports. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.39 billion. Academy Sports and Outdoors had a net margin of 7.98% and a return on equity of 25.56%. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $1.38 EPS. Academy Sports and Outdoors updated its FY25 guidance to $5.80-6.10 EPS and its FY 2024 guidance to 5.800-6.100 EPS.

Academy Sports and Outdoors Trading Up 4.3 %

ASO stock traded up $2.17 during trading on Tuesday, hitting $52.58. The company had a trading volume of 4,171,298 shares, compared to its average volume of 1,460,514. The stock has a market cap of $3.70 billion, a PE ratio of 7.78, a PEG ratio of 0.97 and a beta of 1.31. The business has a 50-day moving average of $51.59 and a 200-day moving average of $53.47. 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 one year low of $44.73 and a one year high of $75.73.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.84%. Academy Sports and Outdoors's dividend payout ratio (DPR) is 6.79%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group lowered their target price on Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating for the company in a research note on Wednesday, September 11th. Truist Financial cut shares of Academy Sports and Outdoors from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $63.00 to $50.00 in a research report on Tuesday, November 19th. Wedbush restated an "outperform" rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, September 11th. Loop Capital reiterated a "buy" rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Finally, TD Cowen raised their price objective on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a "hold" rating 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. According to data from MarketBeat, Academy Sports and Outdoors has an average rating of "Hold" and a consensus target price of $61.21.

Insiders Place Their Bets

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company's 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 $552,172. This represents a 11.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.