Amer Sports (NYSE:AS) Releases Quarterly Earnings Results

Key Points

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Amer Sports (NYSE:AS - Get Free Report) released its earnings results on Tuesday. The company reported $0.06 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.04, Zacks reports. Amer Sports had a return on equity of 6.87% and a net margin of 3.93%.The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the business posted $0.05 EPS. Amer Sports's quarterly revenue was up 23.4% compared to the same quarter last year. Amer Sports updated its FY 2025 guidance to 0.770-0.820 EPS and its Q3 2025 guidance to 0.200-0.220 EPS.

Amer Sports Stock Performance

Shares of NYSE AS traded up $4.30 during midday trading on Friday, hitting $41.50. 9,367,222 shares of the company's stock were exchanged, compared to its average volume of 4,178,347. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.60 and a quick ratio of 0.80. The stock's 50 day moving average price is $37.95 and its 200-day moving average price is $32.18. The firm has a market cap of $22.98 billion, a P/E ratio of 101.22, a PEG ratio of 1.39 and a beta of 3.31. Amer Sports has a twelve month low of $13.16 and a twelve month high of $41.56.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AS. UBS Group increased their target price on Amer Sports from $50.00 to $52.00 and gave the stock a "buy" rating in a report on Wednesday. Citigroup restated a "buy" rating and issued a $42.00 target price (up from $30.00) on shares of Amer Sports in a research note on Wednesday, May 21st. KGI Securities set a $44.30 target price on Amer Sports and gave the company an "outperform" rating in a research note on Wednesday, June 25th. Wall Street Zen downgraded Amer Sports from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Bank of America lifted their target price on Amer Sports from $42.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $40.29.

Hedge Funds Weigh In On Amer Sports

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC acquired a new position in shares of Amer Sports during the second quarter worth approximately $767,000. Legal & General Group Plc raised its holdings in Amer Sports by 103.2% during the second quarter. Legal & General Group Plc now owns 16,404 shares of the company's stock worth $636,000 after purchasing an additional 8,330 shares in the last quarter. AQR Capital Management LLC bought a new stake in Amer Sports during the first quarter worth approximately $565,000. American Century Companies Inc. bought a new stake in Amer Sports during the second quarter worth approximately $472,000. Finally, Sandia Investment Management LP raised its holdings in Amer Sports by 300.0% during the second quarter. Sandia Investment Management LP now owns 10,000 shares of the company's stock worth $388,000 after purchasing an additional 7,500 shares in the last quarter. 40.25% of the stock is currently owned by institutional investors and hedge funds.

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.