Amer Sports (AS) Set to Announce Quarterly Earnings on Tuesday

Amer Sports (NYSE:AS) will issue its quarterly earnings data before the market opens on Tuesday, November 19th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Amer Sports (NYSE:AS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.11. The company had revenue of $993.80 million during the quarter, compared to analyst estimates of $947.59 million. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, analysts expect Amer Sports to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amer Sports Trading Down 3.0 %

Shares of Amer Sports stock opened at $19.33 on Friday. The stock’s fifty day simple moving average is $17.33 and its 200 day simple moving average is $14.72. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. Amer Sports has a 12 month low of $10.11 and a 12 month high of $20.68.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AS shares. Wells Fargo & Company lowered Amer Sports from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $17.00 to $19.00 in a research report on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of Amer Sports from $19.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Cowen upped their price target on shares of Amer Sports from $17.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Nomura Securities raised shares of Amer Sports to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, UBS Group boosted their price objective on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.57.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.