Amer Sports (NYSE:AS) Trading 3.2% Higher on Earnings Beat

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% on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $36.85 and last traded at $36.88. Approximately 1,455,601 shares were traded 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 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. Amer Sports had a net margin of 3.93% and a return on equity of 6.87%. The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. Amer Sports's quarterly revenue was up 23.4% on a year-over-year basis. 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 Analyst Weigh In

Several equities research analysts recently weighed in on AS shares. 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 report on Monday, July 28th. TD Securities boosted their price objective on shares of Amer Sports from $30.00 to $41.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Morgan Stanley raised their target price on shares of Amer Sports from $28.00 to $33.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 21st. Piper Sandler assumed coverage on shares of Amer Sports in a research note on Thursday, June 26th. They set an "overweight" rating and a $45.00 price target for the company. Finally, KGI Securities set a $44.30 price target on shares of Amer Sports and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.29.

Institutional Trading of Amer Sports

Large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. boosted its stake in shares of Amer Sports by 146.4% during the second quarter. SBI Securities Co. Ltd. now owns 897 shares of the company's stock valued at $35,000 after purchasing an additional 533 shares during the period. Quarry LP purchased a new stake in shares of Amer Sports during the first quarter valued at $34,000. Smartleaf Asset Management LLC boosted its stake in shares of Amer Sports by 174.3% during the second quarter. Smartleaf Asset Management LLC now owns 1,591 shares of the company's stock valued at $63,000 after purchasing an additional 1,011 shares during the period. GAMMA Investing LLC boosted its stake in shares of Amer Sports by 17.4% during the second quarter. GAMMA Investing LLC now owns 2,614 shares of the company's stock valued at $101,000 after purchasing an additional 387 shares during the period. Finally, Hollencrest Capital Management purchased a new stake in shares of Amer Sports during the second quarter valued at $102,000. 40.25% of the stock is owned by hedge funds and other institutional investors.

Amer Sports Trading Down 0.7%

The stock's 50 day moving average is $37.95 and its two-hundred day moving average is $32.18. The company has a market capitalization of $22.81 billion, a PE ratio of 100.48, a price-to-earnings-growth ratio of 1.39 and a beta of 3.31. The company has a quick ratio of 0.61, a current ratio of 1.60 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.