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:ASO – Get 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:ASO – Get 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.

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