Amer Sports (AS) Set to Announce Quarterly Earnings on Tuesday

Amer Sports (NYSE:AS) will release its earnings data before the market opens on Tuesday, November 19th. Analysts expect Amer Sports to post earnings of $0.09 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative return on equity of 0.63% and a negative net margin of 2.79%. The business had revenue of $993.80 million for the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect Amer Sports to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amer Sports Stock Up 6.2 %

NYSE AS opened at $20.58 on Tuesday. The stock’s 50 day moving average is $16.72 and its 200 day moving average is $14.55. Amer Sports has a twelve month low of $10.11 and a twelve month high of $20.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.87.

Wall Street Analysts Forecast Growth

Several research firms have commented on AS. Wells Fargo & Company downgraded Amer Sports from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Monday, October 14th. Nomura Securities upgraded Amer Sports to a “strong-buy” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen raised their target price on shares of Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, Evercore ISI reiterated an “outperform” rating and set a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amer Sports currently has an average rating of “Moderate Buy” and a consensus price target of $19.21.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.