Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2022 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $6.700-$7.250 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.140. The company issued revenue guidance of $6.56 billion-$6.77 billion, compared to the consensus revenue estimate of $6.69 billion.

ASO opened at $39.72 on Tuesday. The stock has a market capitalization of $3.46 billion, a PE ratio of 5.58, a price-to-earnings-growth ratio of 0.39 and a beta of 1.81. The company’s fifty day moving average is $36.39. Academy Sports and Outdoors has a fifty-two week low of $29.16 and a fifty-two week high of $51.08. The company has a quick ratio of 0.48, a current ratio of 1.52 and a debt-to-equity ratio of 0.47.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last posted its earnings results on Tuesday, March 29th. The company reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 analysts’ expectations of $1.77 billion. During the same period last year, the company posted $1.09 earnings per share. Academy Sports and Outdoors’s quarterly revenue was up 13.2% on a year-over-year basis. On average, analysts anticipate that Academy Sports and Outdoors will post 7.02 earnings per share for the current year.

The firm also recently disclosed a — dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 17th were paid a $0.075 dividend. The ex-dividend date was Wednesday, March 16th. Academy Sports and Outdoors’s payout ratio is currently 4.21%.

A number of equities analysts have commented on ASO shares. Wells Fargo & Company dropped their price objective on shares of Academy Sports and Outdoors from $62.00 to $58.00 and set an overweight rating for the company in a research note on Thursday, March 24th. Stephens raised their target price on shares of Academy Sports and Outdoors from $68.00 to $70.00 and gave the stock an overweight rating in a report on Wednesday, March 30th. Loop Capital raised their target price on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a report on Wednesday, March 30th. Finally, Zacks Investment Research upgraded shares of Academy Sports and Outdoors from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Monday, April 4th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $54.92.

Institutional investors have recently modified their holdings of the company. Morgan Stanley grew its position in Academy Sports and Outdoors by 1,107.8% during the 2nd quarter. Morgan Stanley now owns 1,706,387 shares of the company’s stock worth $70,370,000 after purchasing an additional 1,565,102 shares during the last quarter. BlackRock Inc. grew its position in Academy Sports and Outdoors by 11.5% during the 4th quarter. BlackRock Inc. now owns 6,055,059 shares of the company’s stock worth $265,817,000 after purchasing an additional 626,491 shares during the last quarter. Allianz Asset Management GmbH grew its position in Academy Sports and Outdoors by 180.1% during the 4th quarter. Allianz Asset Management GmbH now owns 422,848 shares of the company’s stock worth $18,563,000 after purchasing an additional 271,864 shares during the last quarter. State Street Corp grew its position in Academy Sports and Outdoors by 6.9% during the 4th quarter. State Street Corp now owns 1,638,061 shares of the company’s stock worth $71,911,000 after purchasing an additional 105,269 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Academy Sports and Outdoors by 31.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 339,606 shares of the company’s stock worth $13,592,000 after purchasing an additional 80,830 shares during the last quarter.

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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