Academy Sports and Outdoors (NASDAQ:ASO) Releases FY 2025 Earnings Guidance

Key Points

• Academy Sports and Outdoors has set its FY 2025 earnings guidance with EPS projected between $5.600 and $6.30, exceeding the consensus estimate of $5.520.
• The company also provided revenue guidance of $6.0 billion to $6.3 billion, compared to a consensus estimate of $6.1 billion.
• In recent analyst reports, nine have rated Academy Sports and Outdoors stock as a Buy and eight as Hold, indicating a consensus rating of "Moderate Buy".

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 5.600-6.30 for the period, compared to the consensus estimate of 5.520. The company issued revenue guidance of $6.0 billion-$6.3 billion, compared to the consensus revenue estimate of $6.1 billion.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASO. UBS Group reiterated a "neutral" rating and set a $52.00 price target on shares of Academy Sports and Outdoors in a report on Sunday. Morgan Stanley decreased their price objective on Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating for the company in a report on Wednesday, June 11th. Bank of America decreased their price objective on Academy Sports and Outdoors from $60.00 to $55.00 and set a "neutral" rating for the company in a report on Wednesday, June 11th. Monness Crespi & Hardt began coverage on Academy Sports and Outdoors in a report on Monday, August 4th. They issued a "buy" rating and a $65.00 price objective for the company. Finally, Wells Fargo & Company increased their price objective on Academy Sports and Outdoors from $43.00 to $55.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $58.59.

Academy Sports and Outdoors Stock Performance

Shares of Academy Sports and Outdoors stock opened at $53.55 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $51.50 and a two-hundred day moving average price of $46.33. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.61. The company has a market cap of $3.56 billion, a P/E ratio of 9.84, a PEG ratio of 1.01 and a beta of 1.30.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Academy Sports and Outdoors had a return on equity of 19.62% and a net margin of 6.55%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business's revenue was down .9% on a year-over-year basis. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS. As a group, analysts anticipate that Academy Sports and Outdoors will post 5.59 EPS for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's dividend payout ratio is 9.56%.

Insider Activity

In other news, Director Christopher Lee Turner sold 4,400 shares of the stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the transaction, the director owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Academy Sports and Outdoors

A number of institutional investors and hedge funds have recently made changes to their positions in ASO. Ameriprise Financial Inc. increased its position in shares of Academy Sports and Outdoors by 219.8% in the second quarter. Ameriprise Financial Inc. now owns 501,028 shares of the company's stock valued at $22,452,000 after acquiring an additional 344,376 shares during the period. BNP Paribas Financial Markets increased its position in shares of Academy Sports and Outdoors by 640.0% in the second quarter. BNP Paribas Financial Markets now owns 129,654 shares of the company's stock valued at $5,810,000 after acquiring an additional 112,134 shares during the period. Marshall Wace LLP increased its position in shares of Academy Sports and Outdoors by 136.5% in the second quarter. Marshall Wace LLP now owns 169,215 shares of the company's stock valued at $7,583,000 after acquiring an additional 97,670 shares during the period. AQR Capital Management LLC increased its position in shares of Academy Sports and Outdoors by 71.2% in the second quarter. AQR Capital Management LLC now owns 119,778 shares of the company's stock valued at $5,367,000 after acquiring an additional 49,808 shares during the period. Finally, Sei Investments Co. increased its position in shares of Academy Sports and Outdoors by 16.6% in the second quarter. Sei Investments Co. now owns 291,913 shares of the company's stock valued at $13,081,000 after acquiring an additional 41,582 shares during the period.

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.

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