Academy Sports and Outdoors (NASDAQ:ASO) Releases FY25 Earnings Guidance

Academy Sports and Outdoors (NASDAQ:ASO) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.75-6.50 for the period, compared to the consensus earnings per share estimate of $6.47. The company issued revenue guidance of $5.895-6.075 billion, compared to the consensus revenue estimate of $6.14 billion.

Academy Sports and Outdoors Stock Performance

ASO opened at $52.64 on Tuesday. The business’s 50 day moving average is $53.19 and its 200-day moving average is $57.91. The stock has a market cap of $3.80 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.62, a quick ratio of 0.41 and a debt-to-equity ratio of 0.25. Academy Sports and Outdoors has a twelve month low of $42.83 and a twelve month high of $75.73.

Academy Sports and Outdoors (NASDAQ:ASO) last posted its quarterly earnings results on Tuesday, June 11th. The company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.11). Academy Sports and Outdoors had a return on equity of 27.18% and a net margin of 8.17%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm posted $1.19 EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Academy Sports and Outdoors will post 6.25 earnings per share for the current year.

Academy Sports and Outdoors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 19th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 19th. Academy Sports and Outdoors’s dividend payout ratio is currently 6.73%.

Analysts Set New Price Targets

ASO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of Academy Sports and Outdoors from an overweight rating to a neutral rating and cut their target price for the stock from $76.00 to $53.00 in a research report on Monday, August 5th. Truist Financial cut their price objective on shares of Academy Sports and Outdoors from $75.00 to $73.00 and set a buy rating on the stock in a report on Monday, June 10th. Wedbush restated an outperform rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a report on Thursday, September 5th. Bank of America lowered Academy Sports and Outdoors from a buy rating to a neutral rating and dropped their price target for the stock from $75.00 to $63.00 in a research report on Tuesday, June 11th. Finally, Robert W. Baird lowered their price target on Academy Sports and Outdoors from $80.00 to $68.00 and set an outperform rating on the stock in a research report on Wednesday, June 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Academy Sports and Outdoors currently has an average rating of Moderate Buy and an average target price of $64.93.

Insider Buying and Selling at Academy Sports and Outdoors

In other news, Director Jeffrey C. Tweedy sold 625 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $54.25, for a total transaction of $33,906.25. Following the transaction, the director now directly owns 10,106 shares in the company, valued at $548,250.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.19% of the company’s stock.

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.