Amer Sports (NYSE:AS) Updates FY 2024 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.400-0.440 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of -. Amer Sports also updated its FY24 guidance to $0.40-0.44 EPS.

Analysts Set New Price Targets

Several brokerages recently commented on AS. Wells Fargo & Company decreased their price objective on shares of Amer Sports from $19.00 to $17.00 and set an overweight rating for the company in a research report on Thursday, April 25th. Morgan Stanley lowered their price objective on shares of Amer Sports from $16.00 to $15.00 and set an equal weight rating for the company in a research note on Thursday, May 23rd. Finally, UBS Group cut their target price on Amer Sports from $23.00 to $17.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $18.36.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $13.64 on Wednesday. Amer Sports has a twelve month low of $10.11 and a twelve month high of $18.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.96. The business has a 50-day moving average price of $12.18 and a 200 day moving average price of $14.13.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. The business had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. The business’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Amer Sports will post 0.4 EPS for the current fiscal year.

Amer Sports Company Profile

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.