Academy Sports and Outdoors (NASDAQ:ASO) Updates FY 2024 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.750-6.500 for the period, compared to the consensus earnings per share estimate of 6.480. The company issued revenue guidance of $5.9 billion-$6.1 billion, compared to the consensus revenue estimate of $6.1 billion. Academy Sports and Outdoors also updated its FY25 guidance to $5.75-6.50 EPS.

Academy Sports and Outdoors Stock Performance

Shares of ASO stock opened at $55.90 on Friday. The business has a fifty day moving average of $53.46 and a 200 day moving average of $57.76. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 0.41. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.94 and a beta of 1.34.

Academy Sports and Outdoors (NASDAQ:ASO) last issued its quarterly earnings data on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 25.56% and a net margin of 7.98%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.57 billion. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.01 EPS. As a group, research analysts expect that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 annualized dividend and a yield of 0.79%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ASO shares. Jefferies Financial Group decreased their target price on shares of Academy Sports and Outdoors from $68.00 to $64.00 and set a buy rating for the company in a research note on Wednesday. Bank of America downgraded Academy Sports and Outdoors from a buy rating to a neutral rating and decreased their target price for the company from $75.00 to $63.00 in a research report on Tuesday, June 11th. Wedbush reiterated an outperform rating and set a $65.00 price target on shares of Academy Sports and Outdoors in a research report on Wednesday. Telsey Advisory Group reissued an outperform rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Thursday, September 5th. Finally, TD Cowen raised their target price on shares of Academy Sports and Outdoors from $54.00 to $56.00 and gave the stock a hold rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Academy Sports and Outdoors presently has a consensus rating of Moderate Buy and an average price target of $62.86.

Insider Buying and Selling at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the completion of the transaction, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.19% of the stock is currently owned by corporate insiders.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.