Academy Sports and Outdoors (NASDAQ:ASO) Updates FY25 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.75-6.50 for the period, compared to the consensus earnings per share estimate of $6.47. The company issued revenue guidance of $5.895-6.075 billion, compared to the consensus revenue estimate of $6.14 billion. Academy Sports and Outdoors also updated its FY 2024 guidance to 5.750-6.500 EPS.

Academy Sports and Outdoors Stock Performance

Shares of ASO opened at $54.71 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.41 and a current ratio of 1.62. The stock has a market capitalization of $3.95 billion, a P/E ratio of 8.37, a P/E/G ratio of 0.92 and a beta of 1.34. The company’s fifty day moving average is $53.36 and its two-hundred day moving average is $57.77. Academy Sports and Outdoors has a 1 year low of $42.83 and a 1 year high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.07. Academy Sports and Outdoors had a net margin of 8.17% and a return on equity of 27.18%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the prior year, the company posted $2.01 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, September 19th. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 6.73%.

Wall Street Analysts Forecast Growth

ASO has been the subject of several recent research reports. UBS Group downgraded shares of Academy Sports and Outdoors from a buy rating to a neutral rating and lowered their price objective for the company from $81.00 to $58.00 in a research report on Wednesday, June 12th. Wells Fargo & Company increased their target price on Academy Sports and Outdoors from $46.00 to $51.00 and gave the company an equal weight rating in a research note on Wednesday. Morgan Stanley restated an equal weight rating and set a $60.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday. TD Cowen raised their target price on Academy Sports and Outdoors from $54.00 to $56.00 and gave the company a hold rating in a research note on Wednesday. Finally, Truist Financial raised their target price on Academy Sports and Outdoors from $60.00 to $63.00 and gave the company a buy rating in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $62.86.

Insider Activity at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 625 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $54.25, for a total value of $33,906.25. Following the sale, the director now owns 10,106 shares of the company’s stock, valued at approximately $548,250.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.19% of the stock is owned by 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.