Brokerages Anticipate Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to post quarterly sales of $1.43 billion

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Wall Street analysts expect Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) to report sales of $1.43 billion for the current quarter, Zacks reports. Three analysts have released earnings estimates for Academy Sports and Outdoors, with the highest sales estimate at $1.46 billion and the lowest estimate at $1.39 billion. Academy Sports and Outdoors reported sales of $1.58 billion in the same quarter last year, suggesting a negative 9.5% year-over-year growth rate. The company is expected to announce its next results on Monday, January 1.

According to Zacks, analysts expect Academy Sports and Outdoors to report annual sales of $6.66 billion in the current fiscal year, with estimates ranging from $6.63 billion to $6.71 billion. of dollars. For the next fiscal year, analysts expect the company to post sales of $7.11 billion, with estimates ranging from $7.04 billion to $7.18 billion. Zacks sales calculations are an average average based on a survey of sell-side research companies that cover Academy Sports and Outdoors.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly results on Tuesday, March 29. The company reported earnings per share of $1.61 for the quarter, beating analyst consensus estimates of $1.37 by $0.24. The company posted revenue of $1.81 billion for the quarter, compared with $1.77 billion for analysts. Academy Sports and Outdoors had a return on equity of 51.14% and a net margin of 9.91%. Academy Sports and Outdoors revenue increased 13.2% year over year. In the same quarter last year, the company posted EPS of $1.09.

Several equity research analysts have weighed in on the company recently. Truist Financial launched coverage on Academy Sports and Outdoors in a Wednesday, May 11 report. They issued a “buy” rating and a target price of $53.00 for the company. Wells Fargo & Company cut its price target on Academy Sports and Outdoors from $62.00 to $58.00 and set an “overweight” rating on the stock in a Thursday, March 24 research note. Loop Capital raised its price target on Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Goldman Sachs Group cut its price target on Academy Sports and Outdoors from $61.00 to $49.00 and set a “buy” rating on the stock in a Wednesday May 4 research note. Finally, Stephens raised his price target on Academy Sports and Outdoors from $68.00 to $70.00 and gave the company an “overweight” rating in a Wednesday, March 30 research note. Thirteen investment analysts have rated the stock with a buy rating. According to MarketBeat.com, Academy Sports and Outdoors has an average rating of “Buy” and a consensus target price of $54.08.

Several hedge funds and other institutional investors have recently changed their positions in ASO. Morgan Stanley increased its stake in shares of Academy Sports and Outdoors by 1,107.8% during the second quarter. Morgan Stanley now owns 1,706,387 shares of the company worth $70,370,000 after purchasing an additional 1,565,102 shares during the period. Advisor Group Holdings Inc. increased its stake in Academy Sports and Outdoors by 11.4% during Q3. Advisor Group Holdings Inc. now owns 22,454 shares of the company worth $898,000 after acquiring 2,304 additional shares during the period. BlackRock Inc. increased its stake in Academy Sports and Outdoors by 39.2% during the 3rd quarter. BlackRock Inc. now owns 5,428,568 shares of the company worth $217,251,000 after acquiring an additional 1,530,021 shares during the period. Teacher Retirement System of Texas purchased a new position in Academy Sports and Outdoors in Q3 valued at $395,000. Finally, Alliancebernstein LP increased its stake in Academy Sports and Outdoors by 121.0% during the 3rd quarter. Alliancebernstein LP now owns 874,343 shares of the company worth $34,991,000 after acquiring an additional 478,785 shares during the period. Institutional investors hold 89.94% of the company’s shares.

Shares of NASDAQ ASO opened at $31.55 on Friday. The company has a market capitalization of $2.72 billion, a PE ratio of 4.43, a PEG ratio of 0.35 and a beta of 1.60. The company has a current ratio of 1.52, a quick ratio of 0.48 and a debt ratio of 0.47. Academy Sports and Outdoors has a one-year minimum of $29.74 and a one-year maximum of $51.08. The company has a 50-day moving average price of $37.87 and a two-hundred-day moving average price of $39.36.

The company also recently announced a — dividend, which was paid on Thursday, April 14. Shareholders of record on Thursday, March 17 received a dividend of $0.075 per share. The ex-dividend date was Wednesday, March 16. Academy Sports and Outdoors’ dividend payout ratio (DPR) is currently 4.21%.

Company Profile Academy Sports and Outdoors (Get an evaluation)

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a retailer of sporting goods and outdoor recreation products in the United States. The company sells coolers and glasses, camping accessories, camping gear, sunglasses, backpacks and sports bags. marine equipment and fishing rods, reels, bait and equipment; firearms, ammunition, archery and archery equipment, camouflage clothing, waders, shooting accessories, optics, airguns and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racquet sports and volleyball; fitness equipment and accessories and nutritional supplies; and patio furniture, outdoor kitchen, rolling items, trampolines, play sets, water sports and pet equipment, as well as electronics, watches, consumables, batteries, etc.

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History and revenue estimates for Academy Sports and Outdoors (NASDAQ:ASO)



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