Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Expected to Post Quarterly Sales of $1.43 Billion

Equities analysts expect Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) to report $1.43 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Academy Sports and Outdoors’ earnings. The lowest sales estimate is $1.39 billion and the highest is $1.46 billion. Academy Sports and Outdoors reported sales of $1.58 billion during the same quarter last year, which would suggest a negative year over year growth rate of 9.5%. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Academy Sports and Outdoors will report full-year sales of $6.66 billion for the current year, with estimates ranging from $6.63 billion to $6.71 billion. For the next fiscal year, analysts forecast that the business will report sales of $7.11 billion, with estimates ranging from $7.04 billion to $7.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Academy Sports and Outdoors.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last issued its quarterly earnings results on Tuesday, March 29th. The company reported $1.61 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.24. Academy Sports and Outdoors had a net margin of 9.91% and a return on equity of 51.14%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $1.09 EPS. Academy Sports and Outdoors’s revenue was up 13.2% on a year-over-year basis.

ASO has been the topic of several research analyst reports. Oppenheimer initiated coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, December 14th. They issued an “outperform” rating on the stock. Stephens lifted their price objective on Academy Sports and Outdoors from $68.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, March 30th. Loop Capital lifted their price objective on Academy Sports and Outdoors from $43.00 to $50.00 in a report on Wednesday, March 30th. Zacks Investment Research raised Academy Sports and Outdoors from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, April 4th. Finally, Wells Fargo & Company cut their price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Thursday, March 24th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $54.92.

In related news, CEO Ken C. Hicks purchased 20,000 shares of the firm’s stock in a transaction dated Friday, January 14th. The stock was bought at an average price of $38.91 per share, with a total value of $778,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.83% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Your Advocates Ltd. LLP purchased a new stake in Academy Sports and Outdoors in the third quarter worth $25,000. Future Financial Wealth Managment LLC purchased a new position in shares of Academy Sports and Outdoors in the fourth quarter valued at $44,000. Nisa Investment Advisors LLC grew its position in shares of Academy Sports and Outdoors by 826.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,390 shares of the company’s stock valued at $54,000 after purchasing an additional 1,240 shares in the last quarter. Covestor Ltd purchased a new position in Academy Sports and Outdoors during the fourth quarter worth about $59,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Academy Sports and Outdoors by 43.5% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,439 shares of the company’s stock worth $98,000 after buying an additional 739 shares in the last quarter.

Shares of NASDAQ ASO traded up $0.61 during mid-day trading on Friday, reaching $39.25. The company had a trading volume of 60,115 shares, compared to its average volume of 3,058,883. The business has a fifty day simple moving average of $35.81. Academy Sports and Outdoors has a 12-month low of $29.16 and a 12-month high of $51.08. The stock has a market capitalization of $3.42 billion, a P/E ratio of 5.43, a price-to-earnings-growth ratio of 0.37 and a beta of 1.81. The company has a quick ratio of 0.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

The company also recently announced a — dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th will be given a $0.075 dividend. The ex-dividend date is Wednesday, March 16th. Academy Sports and Outdoors’s dividend payout ratio is presently 4.21%.

Academy Sports and Outdoors Company Profile (Get Rating)

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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Earnings History and Estimates for Academy Sports and Outdoors (NASDAQ:ASO)

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