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

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) 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.

Academy Sports and Outdoors Price Performance

Shares of ASO traded up $2.17 during mid-day trading on Tuesday, reaching $52.58. 4,171,298 shares of the stock traded hands, compared to its average volume of 1,460,514. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.97 and a beta of 1.31. Academy Sports and Outdoors has a 1 year low of $44.73 and a 1 year high of $75.73. The firm has a fifty day moving average price of $51.59 and a 200 day moving average price 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 (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.30). The business had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.39 billion. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. Academy Sports and Outdoors's quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, equities research analysts predict that Academy Sports and Outdoors will post 6 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

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 given a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.44 dividend on an annualized basis and a yield of 0.84%. Academy Sports and Outdoors's payout ratio is 6.79%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ASO shares. 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 research report on Wednesday, September 11th. Evercore ISI cut shares of Academy Sports and Outdoors from an "outperform" rating to an "in-line" rating and decreased their target price for the stock from $65.00 to $60.00 in a research report on Thursday, October 3rd. Morgan Stanley reissued an "equal weight" rating and issued a $60.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Jefferies Financial Group reduced their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th. Finally, Truist Financial cut Academy Sports and Outdoors from a "buy" rating to a "hold" rating and dropped their target price for the company from $63.00 to $50.00 in a report on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of "Hold" and an average price target of $61.21.

Insider Activity

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 1,200 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $62.00, for a total transaction of $74,400.00. Following the transaction, the director now owns 8,906 shares in the company, valued at approximately $552,172. This represents a 11.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company's stock.

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.