Brokerages Anticipate Academy Sports and Outdoors, Inc. (NASDAQ:ASO) Will Post Quarterly Sales of $1.43 Billion

Wall Street analysts expect Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) to announce sales of $1.43 billion for the current quarter, Zacks reports. Three analysts have issued estimates for Academy Sports and Outdoors’ earnings, with the highest sales estimate coming in at $1.46 billion and the lowest estimate coming in at $1.39 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 announce its next earnings results 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 financial year, with estimates ranging from $6.63 billion to $6.71 billion. For the next financial year, analysts expect that the business will report sales of $7.11 billion, with estimates ranging from $7.04 billion to $7.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms 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, topping analysts’ consensus estimates of $1.37 by $0.24. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Academy Sports and Outdoors had a return on equity of 51.14% and a net margin of 9.91%. Academy Sports and Outdoors’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS.

Several equities research analysts recently weighed in on the company. Truist Financial initiated coverage on Academy Sports and Outdoors in a report on Wednesday, May 11th. They issued a “buy” rating and a $53.00 target price for the company. Wells Fargo & Company decreased their price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a research note on Thursday, March 24th. Loop Capital boosted their price objective on Academy Sports and Outdoors from $43.00 to $50.00 in a research note on Wednesday, March 30th. The Goldman Sachs Group cut their price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a research note on Wednesday, May 4th. Finally, Stephens upped their price target on Academy Sports and Outdoors from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, March 30th. Thirteen investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Buy” and a consensus target price of $54.08.

Several hedge funds and other institutional investors have recently made changes to their positions in ASO. Morgan Stanley increased its stake in shares of Academy Sports and Outdoors by 1,107.8% during the second 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 period. Advisor Group Holdings Inc. increased its stake in Academy Sports and Outdoors by 11.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 22,454 shares of the company’s stock worth $898,000 after acquiring an additional 2,304 shares during the period. BlackRock Inc. increased its stake in Academy Sports and Outdoors by 39.2% during the 3rd quarter. BlackRock Inc. now owns 5,428,568 shares of the company’s stock worth $217,251,000 after acquiring an additional 1,530,021 shares during the period. Teacher Retirement System of Texas bought a new position in Academy Sports and Outdoors during the 3rd quarter worth $395,000. Finally, Alliancebernstein L.P. increased its stake in Academy Sports and Outdoors by 121.0% during the 3rd quarter. Alliancebernstein L.P. now owns 874,343 shares of the company’s stock worth $34,991,000 after acquiring an additional 478,785 shares during the period. Institutional investors own 89.94% of the company’s stock.

Shares of NASDAQ ASO opened at $31.55 on Friday. The firm has a market capitalization of $2.72 billion, a PE ratio of 4.43, a PEG ratio of 0.35 and a beta of 1.60. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt-to-equity ratio of 0.47. Academy Sports and Outdoors has a one year low of $29.74 and a one year high of $51.08. The business has a 50-day moving average price of $37.87 and a two-hundred day moving average price of $39.36.

The company also recently announced a — dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 17th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, March 16th. Academy Sports and Outdoors’s dividend payout ratio (DPR) is currently 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; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

Further Reading

Get a free copy of the Zacks research report on Academy Sports and Outdoors (ASO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Academy Sports and Outdoors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Academy Sports and Outdoors and related companies with MarketBeat.com's FREE daily email newsletter.