Academy Sports and Outdoors (NASDAQ:ASO) Issues 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 $6.55-$7.25 for the period, compared to the consensus EPS estimate of $6.93. The company issued revenue guidance of $6.43 billion-$6.63 billion, compared to the consensus revenue estimate of $6.66 billion.

NASDAQ:ASO opened at $34.35 on Tuesday. The company has a market cap of $2.92 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 0.53 and a beta of 1.65. The company has a quick ratio of 0.44, a current ratio of 1.56 and a debt-to-equity ratio of 0.45. Academy Sports and Outdoors has a twelve month low of $25.10 and a twelve month high of $51.08. The business has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $37.35.

Academy Sports and Outdoors (NASDAQ:ASOGet Rating) last released its quarterly earnings data on Tuesday, June 7th. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.41 by $0.32. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Academy Sports and Outdoors had a return on equity of 47.24% and a net margin of 9.66%. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.89 EPS. As a group, analysts anticipate that Academy Sports and Outdoors will post 7.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 16th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, June 15th. Academy Sports and Outdoors’s payout ratio is presently 4.30%.

Several research analysts have weighed in on the company. Loop Capital increased their price objective on Academy Sports and Outdoors from $43.00 to $50.00 in a research report on Wednesday, March 30th. Wells Fargo & Company lowered their price objective on Academy Sports and Outdoors from $62.00 to $58.00 and set an overweight rating on the stock in a research report on Thursday, March 24th. UBS Group decreased their price target on Academy Sports and Outdoors to $55.00 in a research report on Thursday, June 9th. The Goldman Sachs Group decreased 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 report on Wednesday, May 4th. Finally, Stephens raised their price target on Academy Sports and Outdoors from $70.00 to $72.00 and gave the stock an overweight rating in a research report on Wednesday, June 8th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Academy Sports and Outdoors currently has a consensus rating of Buy and a consensus price target of $55.08.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of Academy Sports and Outdoors by 124.0% during the first quarter. BlackRock Inc. now owns 13,562,648 shares of the company’s stock valued at $534,370,000 after purchasing an additional 7,507,589 shares in the last quarter. Morgan Stanley boosted 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 valued at $70,370,000 after purchasing an additional 1,565,102 shares in the last quarter. State Street Corp boosted its stake in shares of Academy Sports and Outdoors by 73.0% during the first quarter. State Street Corp now owns 2,834,137 shares of the company’s stock valued at $111,872,000 after purchasing an additional 1,196,076 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Academy Sports and Outdoors by 11,157.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the company’s stock valued at $42,542,000 after purchasing an additional 1,070,181 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Academy Sports and Outdoors by 680.6% during the first quarter. Renaissance Technologies LLC now owns 1,147,500 shares of the company’s stock valued at $45,212,000 after purchasing an additional 1,000,500 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors and hedge funds.

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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