What is B. Riley's Forecast for ASO Q3 Earnings?

Key Points

• B. Riley analysts have cut their Q3 2026 earnings estimates for Academy Sports and Outdoors from $1.04 to $0.96 per share, impacting investor sentiment.
• Despite the downgrade, Academy Sports and Outdoors has a consensus "Moderate Buy" rating, with nine analysts rating it as Buy and another nine as Hold, indicating mixed market confidence.
• The company announced a quarterly dividend of $0.13 per share, which will be paid on October 9, 2023, reflecting a dividend yield of 1.0% for its investors.

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Free Report) - B. Riley reduced their Q3 2026 earnings estimates for shares of Academy Sports and Outdoors in a research report issued to clients and investors on Wednesday, September 3rd. B. Riley analyst A. Glaessgen now expects that the company will post earnings of $0.96 per share for the quarter, down from their previous forecast of $1.04. The consensus estimate for Academy Sports and Outdoors' current full-year earnings is $5.59 per share.

Academy Sports and Outdoors (NASDAQ:ASO - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.13). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. Academy Sports and Outdoors had a net margin of 6.21% and a return on equity of 18.47%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 earnings per share. Academy Sports and Outdoors has set its FY 2025 guidance at 5.450-6.25 EPS.

Several other research firms have also weighed in on ASO. Evercore ISI boosted their target price on shares of Academy Sports and Outdoors from $50.00 to $55.00 and gave the company an "in-line" rating in a report on Tuesday, August 26th. UBS Group reiterated a "neutral" rating and issued a $52.00 target price on shares of Academy Sports and Outdoors in a report on Sunday, August 31st. Cowen reiterated a "hold" rating on shares of Academy Sports and Outdoors in a report on Wednesday. Morgan Stanley reduced their price target on shares of Academy Sports and Outdoors from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research note on Wednesday, June 11th. Finally, Citigroup downgraded shares of Academy Sports and Outdoors from a "buy" rating to a "neutral" rating and reduced their price target for the company from $55.00 to $50.00 in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.71.

Academy Sports and Outdoors Trading Up 1.6%

NASDAQ:ASO traded up $0.82 on Friday, hitting $50.86. The stock had a trading volume of 1,360,622 shares, compared to its average volume of 1,585,790. The company has a quick ratio of 0.33, a current ratio of 1.64 and a debt-to-equity ratio of 0.23. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 1.03 and a beta of 1.30. The company has a fifty day moving average price of $51.89 and a two-hundred day moving average price of $46.27. Academy Sports and Outdoors has a 1-year low of $33.34 and a 1-year high of $64.61.

Institutional Investors Weigh In On Academy Sports and Outdoors

Several large investors have recently added to or reduced their stakes in ASO. Huntington National Bank increased its stake in Academy Sports and Outdoors by 214.6% during the 2nd quarter. Huntington National Bank now owns 689 shares of the company's stock worth $31,000 after buying an additional 470 shares during the period. Your Advocates Ltd. LLP increased its stake in Academy Sports and Outdoors by 101.5% during the 1st quarter. Your Advocates Ltd. LLP now owns 816 shares of the company's stock worth $37,000 after buying an additional 411 shares during the period. TD Private Client Wealth LLC increased its stake in Academy Sports and Outdoors by 45.6% during the 1st quarter. TD Private Client Wealth LLC now owns 1,156 shares of the company's stock worth $53,000 after buying an additional 362 shares during the period. EverSource Wealth Advisors LLC increased its stake in Academy Sports and Outdoors by 89.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,388 shares of the company's stock worth $62,000 after buying an additional 657 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Academy Sports and Outdoors during the 1st quarter worth approximately $64,000.

Insiders Place Their Bets

In related news, Director Christopher Lee Turner sold 4,400 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $44.48, for a total transaction of $195,712.00. Following the sale, the director directly owned 7,084 shares of the company's stock, valued at $315,096.32. This represents a 38.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.62% of the stock is currently owned by insiders.

Academy Sports and Outdoors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 11th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 11th. Academy Sports and Outdoors's payout ratio is 9.74%.

About Academy Sports and Outdoors

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.