Academy Sports and Outdoors, Inc. (NASDAQ:ASO) to Post Q2 2025 Earnings of $2.27 Per Share, Wedbush Forecasts

May 26, 2023

Academy Sports and Outdoors, Inc. (NASDAQ:ASO - Get Rating) - Analysts at Wedbush issued their Q2 2025 EPS estimates for Academy Sports and Outdoors in a research note issued on Wednesday, June 7th. Wedbush analyst S. Basham expects that the company will post earnings per share of $2.27 for the quarter. The consensus estimate for Academy Sports and Outdoors' current full-year earnings is $7.31 per share.

Academy Sports and Outdoors (NASDAQ:ASO - Get Rating) last issued its earnings results on Tuesday, June 6th. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.35). Academy Sports and Outdoors had a return on equity of 36.40% and a net margin of 9.07%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. Academy Sports and Outdoors's revenue for the quarter was down 5.7% on a year-over-year basis.

A number of other research firms have also weighed in on ASO. Oppenheimer raised their target price on Academy Sports and Outdoors from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, March 17th. Wells Fargo & Company boosted their price target on shares of Academy Sports and Outdoors from $70.00 to $75.00 and gave the stock an "overweight" rating in a report on Friday, March 17th. Jefferies Financial Group assumed coverage on shares of Academy Sports and Outdoors in a research note on Tuesday, March 14th. They issued a "buy" rating and a $73.00 price objective for the company. Robert W. Baird decreased their price target on Academy Sports and Outdoors from $75.00 to $70.00 in a research report on Wednesday. Finally, Evercore ISI lowered their target price on shares of Academy Sports and Outdoors from $80.00 to $70.00 in a research note on Wednesday. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Academy Sports and Outdoors currently has an average rating of "Moderate Buy" and an average price target of $71.00.

NASDAQ:ASO opened at $50.80 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.65 and a quick ratio of 0.39. Academy Sports and Outdoors has a one year low of $32.86 and a one year high of $69.02. The company has a market cap of $3.91 billion, a PE ratio of 7.26, a PEG ratio of 0.54 and a beta of 1.16. The firm has a 50-day moving average of $71.66 and a 200-day moving average of $76.90.

Several hedge funds have recently made changes to their positions in ASO. Romano Brothers AND Company purchased a new stake in shares of Academy Sports and Outdoors in the 4th quarter worth about $26,000. Advisory Services Network LLC boosted its position in Academy Sports and Outdoors by 139.2% during the 1st quarter. Advisory Services Network LLC now owns 421 shares of the company's stock valued at $27,000 after acquiring an additional 245 shares in the last quarter. Optimum Investment Advisors purchased a new position in shares of Academy Sports and Outdoors during the 1st quarter worth approximately $33,000. CI Investments Inc. purchased a new position in shares of Academy Sports and Outdoors in the 4th quarter valued at approximately $37,000. Finally, Captrust Financial Advisors boosted its position in shares of Academy Sports and Outdoors by 55.0% during the first quarter. Captrust Financial Advisors now owns 1,006 shares of the company's stock valued at $40,000 after purchasing an additional 357 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 13th. Investors of record on Thursday, June 15th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.36 annualized dividend and a dividend yield of 0.71%. Academy Sports and Outdoors's payout ratio is presently 5.14%.

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells coolers and drinkware, camping accessories, camping equipment, sunglasses, backpacks, and sports bags; marine equipment and fishing rods, reels, baits, and equipment; firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, optics, airguns, and hunting equipment; team sports equipment, including baseball, football, basketball, soccer, golf, racket sports, and volleyball; fitness equipment and accessories, and nutrition supplies; and patio furniture, outdoor cooking, wheeled goods, trampolines, playsets, watersports, and pet equipment, as well as electronics products, watches, consumables, batteries, etc.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Academy Sports and Outdoors, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Academy Sports and Outdoors wasn't on the list.

While Academy Sports and Outdoors currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Wondering when you'll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.