Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to Post FY2025 Earnings of $8.01 Per Share, Wedbush Forecasts

Academy Sports and Outdoors, Inc. (NASDAQ:ASOGet Rating) – Research analysts at Wedbush cut their FY2025 EPS estimates for shares of Academy Sports and Outdoors in a note issued to investors on Wednesday, June 8th. Wedbush analyst S. Basham now anticipates that the company will post earnings of $8.01 per share for the year, down from their prior forecast of $8.02.

Several other equities research analysts also recently weighed in on ASO. Truist Financial initiated coverage on shares of Academy Sports and Outdoors in a research note on Wednesday, May 11th. They set a “buy” rating and a $53.00 target price for the company. Zacks Investment Research downgraded shares of Academy Sports and Outdoors from a “buy” rating to a “hold” rating in a research note on Wednesday, June 1st. UBS Group decreased their target price on shares of Academy Sports and Outdoors to $55.00 in a research note on Thursday. Loop Capital increased their target price on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a research note on Wednesday, March 30th. Finally, Stephens increased their target price on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, Academy Sports and Outdoors currently has a consensus rating of “Buy” and an average target price of $54.15.

NASDAQ ASO opened at $37.86 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.48. Academy Sports and Outdoors has a 1 year low of $25.10 and a 1 year high of $51.08. The company has a market capitalization of $3.27 billion, a PE ratio of 5.43, a P/E/G ratio of 0.38 and a beta of 1.65. The company has a fifty day moving average of $36.86 and a two-hundred day moving average of $37.98.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. Academy Sports and Outdoors’s revenue for the quarter was down 7.1% on a year-over-year basis.

A number of institutional investors have recently modified their holdings of ASO. Vise Technologies Inc. purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $288,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $766,000. Bank of America Corp DE grew its stake in Academy Sports and Outdoors by 11.8% in the 1st quarter. Bank of America Corp DE now owns 1,394,063 shares of the company’s stock worth $54,926,000 after acquiring an additional 146,938 shares during the period. Verition Fund Management LLC purchased a new stake in Academy Sports and Outdoors in the 1st quarter worth approximately $404,000. Finally, Shellback Capital LP grew its stake in Academy Sports and Outdoors by 0.4% in the 1st quarter. Shellback Capital LP now owns 1,200,000 shares of the company’s stock worth $47,280,000 after acquiring an additional 4,700 shares during the period. 89.94% of the stock is owned by institutional investors.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 16th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.30 dividend on an annualized basis and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is presently 4.30%.

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

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