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

Academy Sports and Outdoors (NASDAQ:ASO) updated its FY 2024 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

ASO has been the subject of several research analyst reports. Loop Capital restated a buy rating and set a $77.00 price target on shares of Academy Sports and Outdoors in a research note on Wednesday. Wedbush reissued an outperform rating and issued a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday. Evercore ISI upped their price target on Academy Sports and Outdoors from $60.00 to $65.00 and gave the company an outperform rating in a research report on Wednesday. Truist Financial increased their price target on Academy Sports and Outdoors from $60.00 to $63.00 and gave the stock a buy rating in a research note on Wednesday. Finally, Jefferies Financial Group lowered their price objective on Academy Sports and Outdoors from $68.00 to $64.00 and set a buy rating on the stock 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $62.86.

Academy Sports and Outdoors Price Performance

Shares of ASO opened at $54.71 on Thursday. The firm has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $57.77. The firm has a market cap of $3.95 billion, a PE ratio of 8.37, a P/E/G ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. 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 announced its earnings results on Tuesday, September 10th. The company reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.07. Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Academy Sports and Outdoors will post 6.25 EPS for the current year.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Thursday, September 19th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is presently 6.73%.

Insider Transactions at Academy Sports and Outdoors

In other Academy Sports and Outdoors news, Director Jeffrey C. Tweedy sold 625 shares of Academy Sports and Outdoors 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 transaction, the director now owns 10,106 shares of the company’s stock, valued at $548,250.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.19% of the company’s stock.

About Academy Sports and Outdoors

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.