Amer Sports (NYSE:AS - Get Free Report) will issue its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Amer Sports (NYSE:AS - Get Free Report) last released its earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to the consensus estimate of $947.59 million. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect Amer Sports to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Amer Sports Stock Down 3.0 %
Shares of NYSE AS traded down $0.62 during trading on Tuesday, hitting $19.96. The company had a trading volume of 1,797,719 shares, compared to its average volume of 1,679,810. The business's 50-day moving average is $16.86 and its 200 day moving average is $14.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.87 and a quick ratio of 0.81. Amer Sports has a 52 week low of $10.11 and a 52 week high of $20.68.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Amer Sports from $17.00 to $21.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Evercore ISI reaffirmed an "outperform" rating and set a $21.00 price objective on shares of Amer Sports in a report on Wednesday, August 21st. UBS Group increased their price target on shares of Amer Sports from $19.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. The Goldman Sachs Group increased their target price on shares of Amer Sports from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Wells Fargo & Company lowered shares of Amer Sports from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Monday, October 14th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.57.
View Our Latest Stock Analysis on AS
About Amer Sports
(
Get Free Report)
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.
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