Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.150-4.500 for the period, compared to the Thomson Reuters consensus estimate of $3.350. The company issued revenue guidance of -.Academy Sports and Outdoors also updated its FY22 guidance to $4.15-4.50 EPS.
Shares of NASDAQ:ASO traded up $0.85 on Friday, reaching $40.88. 76,084 shares of the company were exchanged, compared to its average volume of 2,134,782. Academy Sports and Outdoors has a 1-year low of $12.05 and a 1-year high of $41.03. The company has a current ratio of 1.21, a quick ratio of 0.36 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $33.52. The company has a market capitalization of $3.83 billion and a price-to-earnings ratio of 10.45.
Academy Sports and Outdoors (NASDAQ:ASO) last released its quarterly earnings data on Monday, June 7th. The company reported $1.89 EPS for the quarter, topping the consensus estimate of $0.84 by $1.05. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.51 billion. The company’s revenue was up 39.1% on a year-over-year basis. As a group, analysts expect that Academy Sports and Outdoors will post 3.66 earnings per share for the current year.
In related news, Director William S. Simon sold 31,007 shares of the stock in a transaction that occurred on Monday, May 17th. The shares were sold at an average price of $35.30, for a total transaction of $1,094,547.10. Following the completion of the sale, the director now owns 8,782 shares of the company’s stock, valued at approximately $310,004.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Kkr Group Partnership L.P. sold 13,100,000 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $30.96, for a total transaction of $405,576,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,163,741 shares of company stock valued at $634,733,291. Corporate insiders own 1.83% 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 products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; baseball, football, basketball, soccer, golf, racket sports, volleyball, fitness equipment, fitness accessories, and nutrition; and patio equipment, outdoor cooking, wheeled goods, trampolines, play sets, watersports, pet equipment, electronics, and watches.
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