Amer Sports (NYSE:AS) Posts Earnings Results, Beats Expectations By $0.04 EPS

Key Points

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Amer Sports (NYSE:AS - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.04, Zacks reports. Amer Sports had a return on equity of 7.21% and a net margin of 3.70%. 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 Trading Down 3.1%

Shares of Amer Sports stock opened at $37.50 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 101.35, a price-to-earnings-growth ratio of 1.58 and a beta of 3.31. The business has a fifty day simple moving average of $37.90 and a 200-day simple moving average of $32.01. Amer Sports has a fifty-two week low of $11.58 and a fifty-two week high of $40.21.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $45.00 to $46.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Morgan Stanley boosted their price target on Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group boosted their price target on Amer Sports from $44.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered Amer Sports from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Piper Sandler began coverage on Amer Sports in a research report on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.74.

Institutional Trading of Amer Sports

Several institutional investors have recently modified their holdings of AS. Smartleaf Asset Management LLC lifted its holdings in shares of Amer Sports by 174.3% in the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock valued at $63,000 after buying an additional 1,011 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of Amer Sports by 3,375.6% during the second quarter. Rakuten Securities Inc. now owns 3,128 shares of the company's stock valued at $121,000 after purchasing an additional 3,038 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Amer Sports by 276.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,364 shares of the company's stock valued at $130,000 after purchasing an additional 2,470 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Amer Sports during the second quarter valued at $256,000. Finally, Keel Point LLC purchased a new stake in shares of Amer Sports during the second quarter valued at $258,000. 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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