Amer Sports (NYSE:AS) Stock Price Up 3.2% on Better-Than-Expected Earnings

Key Points

• Amer Sports saw its stock price increase by 3.2% following a better-than-expected earnings announcement, with earnings per share (EPS) reported at $0.06, surpassing estimates of $0.02.
• The company achieved revenue of $1.24 billion for the quarter, exceeding analysts' expectations of $1.18 billion, marking a 23.4% increase compared to the same period last year.
• Wall Street analysts maintain a generally positive outlook on the stock, with 12 analysts giving a Buy rating and a consensus target price of $40.15.

Amer Sports, Inc. (NYSE:AS - Get Free Report)'s stock price was up 3.2% during trading on Wednesday following a better than expected earnings announcement. The company traded as high as $36.85 and last traded at $36.88. Approximately 1,455,601 shares changed hands during trading, a decline of 64% from the average daily volume of 3,988,768 shares. The stock had previously closed at $35.74.

The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Amer Sports had a net margin of 3.70% and a return on equity of 7.21%. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. Amer Sports's revenue was up 23.4% compared to the same quarter last year. Amer Sports has set its FY 2025 guidance at 0.770-0.820 EPS. Q3 2025 guidance at 0.200-0.220 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AS shares. Wall Street Zen lowered Amer Sports from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. KGI Securities set a $44.30 price objective on Amer Sports and gave the stock an "outperform" rating in a report on Wednesday, June 25th. UBS Group restated a "buy" rating and set a $50.00 target price (up from $37.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Citigroup reiterated a "buy" rating and set a $42.00 price target (up previously from $30.00) on shares of Amer Sports in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Amer Sports from $45.00 to $46.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.15.

Institutional Trading of Amer Sports

Large investors have recently modified their holdings of the stock. Scopus Asset Management L.P. acquired a new stake in Amer Sports during the second quarter worth about $108,562,000. Junto Capital Management LP acquired a new stake in shares of Amer Sports during the 4th quarter worth approximately $66,793,000. Qube Research & Technologies Ltd boosted its position in shares of Amer Sports by 139.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,887,480 shares of the company's stock worth $150,679,000 after acquiring an additional 2,267,066 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Amer Sports in the second quarter valued at approximately $87,287,000. Finally, BNP Paribas Financial Markets raised its position in Amer Sports by 244.5% during the second quarter. BNP Paribas Financial Markets now owns 2,533,612 shares of the company's stock valued at $98,203,000 after purchasing an additional 1,798,170 shares in the last quarter. 40.25% of the stock is owned by institutional investors and hedge funds.

Amer Sports Stock Up 2.5%

The firm has a 50 day simple moving average of $37.86 and a two-hundred day simple moving average of $32.03. The stock has a market capitalization of $20.30 billion, a P/E ratio of 99.00, a PEG ratio of 1.53 and a beta of 3.31. The company has a quick ratio of 0.80, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.