Second-quarter 2023 EPS estimates for Academy Sports and Outdoors, Inc. downgraded by analyst (NASDAQ:ASO)

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Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Rating) – Oppenheimer equity researchers cut their second-quarter 2023 earnings estimates for Academy Sports and Outdoors stocks in a research report released Wednesday. June 8. Oppenheimer analyst B. Nagel now expects the company to earn $1.97 per share for the quarter, down from its previous estimate of $2.12. The consensus estimate for Academy Sports and Outdoors’ current annual earnings is $7.06 per share. Oppenheimer also released estimates for Academy Sports and Outdoors Q3 2023 earnings at $1.50 EPS, Q4 2023 earnings at $1.56 EPS and fiscal year 2023 earnings at $6.73 EPS. .

A number of other brokerages also commented on ASO. UBS Group cut its price target on shares of Academy Sports and Outdoors to $55.00 in a report on Thursday. Loop Capital raised its price target on shares of Academy Sports and Outdoors from $43.00 to $50.00 in a Wednesday, March 30 research note. Stephens raised his price target on shares of Academy Sports and Outdoors from $70.00 to $72.00 and gave the company an “overweight” rating in a Wednesday, June 8 research note. Wells Fargo & Company cut its price target on Academy Sports and Outdoors stock from $62.00 to $58.00 and set an “overweight” rating on the stock in a Thursday 24 research note. march. Finally, Goldman Sachs Group cut its price target on Academy Sports and Outdoors stock from $61.00 to $49.00 and set a “buy” rating on the stock in a research note. Wednesday, May 4. Twelve equity research analysts rated the stock with a buy rating. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $55.08.

ASO shares opened at $36.63 on Monday. Academy Sports and Outdoors has a 12-month minimum of $25.10 and a 12-month maximum of $51.08. The company has a debt ratio of 0.45, a current ratio of 1.56 and a quick ratio of 0.48. The company has a market capitalization of $3.16 billion, a P/E ratio of 5.26, a P/E/G ratio of 0.56 and a beta of 1.65. The company’s fifty-day moving average price is $36.81 and its two-hundred-day moving average price is $37.77.

Academy Sports and Outdoors (NASDAQ:ASO – Get Rating) last released its quarterly earnings data on Tuesday, June 7. The company reported EPS of $1.73 for the quarter, beating analyst consensus estimates of $1.41 by $0.32. Academy Sports and Outdoors had a net margin of 9.66% and a return on equity of 47.24%. The company posted revenue of $1.47 billion for the quarter, compared to analysts’ estimates of $1.45 billion. In the same quarter a year earlier, the company posted EPS of $1.89. The company’s revenue fell 7.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 14. Shareholders of record on Thursday, June 16 will receive a dividend of $0.075. This represents an annualized dividend of $0.30 and a yield of 0.82%. The ex-date of this dividend is Wednesday, June 15. The dividend payout ratio (DPR) of Academy Sports and Outdoors is 4.30%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bailard Inc. increased its position in Academy Sports and Outdoors by 1.8% in the 4th quarter. Bailard Inc. now owns 16,900 shares of the company worth $742,000 after purchasing an additional 300 shares in the last quarter. Meritage Portfolio Management increased its position in Academy Sports and Outdoors by 5.4% in the 4th quarter. Meritage Investment Management now owns 6,307 shares of the company worth $277,000 after purchasing 323 additional shares in the last quarter. Captrust Financial Advisors increased its position in Academy Sports and Outdoors by 55.0% in Q1. Captrust Financial Advisors now owns 1,006 shares of the company worth $40,000 after buying 357 additional shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Academy Sports and Outdoors by 8.2% in Q1. Capital Investment Advisory Services LLC now owns 5,300 shares of the company worth $209,000 after purchasing an additional 400 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Academy Sports and Outdoors by 2.7% in the 1st quarter. Teacher Retirement System of Texas now owns 17,136 shares of the company worth $675,000 after buying 458 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.94% of the company’s shares.

Company Profile Academy Sports and Outdoors (Get a rating)

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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