Amer Sports (NYSE:AS) Issues Earnings Results

Amer Sports (NYSE:AS - Get Free Report) posted its earnings results on Tuesday. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.12, RTT News reports. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The company's quarterly revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.08 earnings per share. 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 Amer Sports stock opened at $31.38 on Tuesday. The firm has a fifty day moving average price of $25.87 and a two-hundred day moving average price of $26.94. The company has a market cap of $17.38 billion, a PE ratio of -224.13, a price-to-earnings-growth ratio of 0.72 and a beta of 2.76. Amer Sports has a fifty-two week low of $10.11 and a fifty-two week high of $35.80. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77.

Wall Street Analysts Forecast Growth

AS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Amer Sports from $33.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Wells Fargo & Company upped their target price on Amer Sports from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group dropped their price objective on Amer Sports from $33.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their target price on Amer Sports from $36.00 to $30.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Morgan Stanley increased their price objective on Amer Sports from $19.00 to $27.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.55.

Hedge Funds Weigh In On Amer Sports

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

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.

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