Academy Sports and Outdoors (ASO) to Release Quarterly Earnings on Thursday

Academy Sports and Outdoors (NASDAQ:ASO) is expected to post its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect Academy Sports and Outdoors to post earnings of $1.82 per share and revenue of $1.67 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Academy Sports and Outdoors Trading Up 3.6 %

Shares of ASO stock opened at $46.72 on Tuesday. Academy Sports and Outdoors has a fifty-two week low of $43.16 and a fifty-two week high of $72.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The stock has a 50 day simple moving average of $51.98 and a two-hundred day simple moving average of $53.36. The company has a market cap of $3.24 billion, a P/E ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.13 per share. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 8.54%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ASO shares. TD Cowen increased their target price on shares of Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, January 8th. Robert W. Baird cut their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Telsey Advisory Group restated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Truist Financial upped their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Finally, Wedbush reissued an “outperform” rating and issued a $65.00 price objective on shares of Academy Sports and Outdoors in a research note on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $61.33.

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.