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

Academy Sports and Outdoors (NASDAQ:ASO) released its quarterly earnings data on Tuesday. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30), Briefing.com reports. The firm 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 business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.38 earnings per share. Academy Sports and Outdoors updated its FY25 guidance to $5.80-6.10 EPS.

Academy Sports and Outdoors Trading Up 0.0 %

NASDAQ ASO opened at $50.41 on Tuesday. The company’s fifty day moving average price is $51.59 and its two-hundred day moving average price is $53.47. The company has a market capitalization of $3.54 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 12 month low of $44.73 and a 12 month high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41.

Academy Sports and Outdoors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, December 18th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 6.79%.

Insider Activity

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the firm’s stock in a transaction 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 directly owns 8,906 shares in the company, valued at $552,172. This trade represents a 11.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.19% of the company’s stock.

Wall Street Analysts Forecast Growth

ASO has been the topic of a number of recent research reports. Truist Financial cut shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating and reduced their price target for the company from $63.00 to $50.00 in a research report on Tuesday, November 19th. Evercore ISI lowered shares of Academy Sports and Outdoors from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $65.00 to $60.00 in a report on Thursday, October 3rd. Loop Capital reiterated a “buy” rating and issued a $77.00 price target on shares of Academy Sports and Outdoors in a report on Wednesday, September 11th. Telsey Advisory Group reduced their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Wednesday, September 11th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.21.

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.