Academy Sports and Outdoors (NASDAQ:ASO) Releases Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Academy Sports and Outdoors (NASDAQ:ASO) released its earnings results on Tuesday. The company reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.11), Briefing.com reports. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.38 billion. Academy Sports and Outdoors had a net margin of 8.43% and a return on equity of 28.99%. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.19 EPS. Academy Sports and Outdoors updated its FY25 guidance to $6.05-7.05 EPS and its FY 2024 guidance to 6.050-7.050 EPS.

Academy Sports and Outdoors Stock Performance

NASDAQ ASO opened at $51.69 on Wednesday. Academy Sports and Outdoors has a fifty-two week low of $42.83 and a fifty-two week high of $75.73. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. The business has a fifty day moving average of $57.27 and a 200-day moving average of $62.20. The company has a quick ratio of 0.51, a current ratio of 1.87 and a debt-to-equity ratio of 0.25.

Academy Sports and Outdoors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, June 20th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $0.44 annualized dividend and a yield of 0.85%. Academy Sports and Outdoors’s dividend payout ratio is presently 6.55%.

Analyst Ratings Changes

ASO has been the topic of several analyst reports. Wells Fargo & Company reissued an “equal weight” rating and set a $55.00 target price (down previously from $80.00) on shares of Academy Sports and Outdoors in a research report on Wednesday. Telsey Advisory Group restated an “outperform” rating and set a $75.00 price objective on shares of Academy Sports and Outdoors in a research note on Tuesday. TD Cowen decreased their price target on Academy Sports and Outdoors from $82.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday. B. Riley reissued a “buy” rating and issued a $72.00 price objective (up from $65.00) on shares of Academy Sports and Outdoors in a report on Monday, March 25th. Finally, Jefferies Financial Group started coverage on Academy Sports and Outdoors in a report on Friday, April 12th. They issued a “buy” rating and a $85.00 price objective on the stock. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.93.

Insider Transactions at Academy Sports and Outdoors

In related news, Director Jeffrey C. Tweedy sold 1,200 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $60.00, for a total value of $72,000.00. Following the completion of the transaction, the director now directly owns 7,870 shares in the company, valued at $472,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.19% of the company’s stock.

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.