Amer Sports (NYSE:AS) Issues Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Amer Sports (NYSE:AS - Get Free Report) posted its earnings results on Tuesday. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.15 by $0.12, RTT News reports. Amer Sports had a negative net margin of 0.74% and a positive return on equity of 3.15%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.38 billion. During the same quarter last year, the firm earned $0.08 EPS. The company's quarterly revenue was up 24.5% compared to the same quarter last year. Amer Sports updated its Q2 2025 guidance to 0.000-0.020 EPS and its FY 2025 guidance to 0.670-0.720 EPS.

Amer Sports Price Performance

Shares of AS traded down $0.38 during mid-day trading on Friday, reaching $37.12. 2,969,817 shares of the stock traded hands, compared to its average volume of 2,790,506. The firm has a fifty day moving average price of $26.62 and a 200 day moving average price of $27.40. The company has a market cap of $20.56 billion, a price-to-earnings ratio of -265.09, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. Amer Sports has a 1 year low of $10.11 and a 1 year high of $38.42.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Amer Sports stock. Goldman Sachs Group Inc. grew its position in shares of Amer Sports, Inc. (NYSE:AS - Free Report) by 44.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,173,674 shares of the company's stock after purchasing an additional 358,536 shares during the period. Goldman Sachs Group Inc. owned approximately 0.21% of Amer Sports worth $31,372,000 at the end of the most recent quarter. 40.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AS has been the topic of a number of research reports. UBS Group reaffirmed a "buy" rating and issued a $50.00 price target (up previously from $37.00) on shares of Amer Sports in a report on Wednesday. The Goldman Sachs Group lifted their price target on shares of Amer Sports from $28.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday. TD Securities lifted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research note on Wednesday. Wells Fargo & Company set a $35.00 price objective on shares of Amer Sports and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of Amer Sports from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.

About Amer Sports

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.