Q2 2023 EPS Estimates for Academy Sports activities and Outside, Inc. Decreased by Analyst (NASDAQ:ASO)

Academy Sports activities and Outside, Inc. (NASDAQ:ASOGet Ranking) – Oppenheimer lowered their Q2 2023 earnings per share estimates for Academy Sports activities and Outside in a analysis be aware issued on Wednesday, June eighth. Oppenheimer analyst B. Nagel now expects that the corporate will earn $1.97 per share for the quarter, down from their earlier estimate of $2.12. The consensus estimate for Academy Sports activities and Outside’ present full-year earnings is $7.06 per share. Oppenheimer additionally issued estimates for Academy Sports activities and Outside’ Q3 2023 earnings at $1.50 EPS, This fall 2023 earnings at $1.56 EPS and FY2023 earnings at $6.73 EPS.

Academy Sports activities and Outside (NASDAQ:ASOGet Ranking) final launched its quarterly earnings outcomes on Tuesday, June seventh. The corporate reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.32. Academy Sports activities and Outside had a return on fairness of 47.24% and a web margin of 9.66%. The corporate had income of $1.47 billion for the quarter, in comparison with analysts’ expectations of $1.45 billion. Throughout the identical interval within the prior 12 months, the agency earned $1.89 earnings per share. The agency’s income was down 7.1% in comparison with the identical quarter final 12 months.

ASO has been the subject of a number of different experiences. Stephens elevated their worth goal on Academy Sports activities and Outside from $70.00 to $72.00 and gave the corporate an “chubby” score in a analysis be aware on Wednesday, June eighth. Wells Fargo & Firm lowered their worth goal on Academy Sports activities and Outside from $62.00 to $58.00 and set an “chubby” score on the inventory in a analysis be aware on Thursday, March twenty fourth. Truist Monetary assumed protection on Academy Sports activities and Outside in a analysis be aware on Wednesday, Might eleventh. They issued a “purchase” score and a $53.00 worth goal on the inventory. Loop Capital elevated their worth goal on Academy Sports activities and Outside from $43.00 to $50.00 in a analysis be aware on Wednesday, March thirtieth. Lastly, The Goldman Sachs Group reduce their worth goal on Academy Sports activities and Outside from $61.00 to $49.00 and set a “purchase” score on the inventory in a analysis be aware on Wednesday, Might 4th. Twelve funding analysts have rated the inventory with a purchase score, Based mostly on knowledge from MarketBeat.com, the inventory at the moment has a mean score of “Purchase” and a mean worth goal of $55.08.

NASDAQ:ASO opened at $36.63 on Monday. The corporate has a fast ratio of 0.48, a present ratio of 1.56 and a debt-to-equity ratio of 0.45. The inventory’s fifty day shifting common is $36.81 and its two-hundred day shifting common is $37.77. Academy Sports activities and Outside has a 52 week low of $25.10 and a 52 week excessive of $51.08. The inventory has a market capitalization of $3.16 billion, a price-to-earnings ratio of 5.26, a price-to-earnings-growth ratio of 0.56 and a beta of 1.65.

The corporate additionally just lately disclosed a quarterly dividend, which will likely be paid on Thursday, July 14th. Shareholders of document on Thursday, June sixteenth will likely be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, June fifteenth. Academy Sports activities and Outside’s payout ratio is 4.30%.

A number of hedge funds have just lately modified their holdings of ASO. BlackRock Inc. grew its holdings in shares of Academy Sports activities and Outside by 124.0% through the first quarter. BlackRock Inc. now owns 13,562,648 shares of the corporate’s inventory value $534,370,000 after shopping for a further 7,507,589 shares over the last quarter. Morgan Stanley grew its holdings in shares of Academy Sports activities and Outside by 1,107.8% through the second quarter. Morgan Stanley now owns 1,706,387 shares of the corporate’s inventory value $70,370,000 after shopping for a further 1,565,102 shares over the last quarter. State Avenue Corp grew its holdings in shares of Academy Sports activities and Outside by 73.0% through the first quarter. State Avenue Corp now owns 2,834,137 shares of the corporate’s inventory value $111,872,000 after shopping for a further 1,196,076 shares over the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Academy Sports activities and Outside by 11,157.0% through the first quarter. Dimensional Fund Advisors LP now owns 1,079,773 shares of the corporate’s inventory value $42,542,000 after shopping for a further 1,070,181 shares over the last quarter. Lastly, Renaissance Applied sciences LLC grew its holdings in shares of Academy Sports activities and Outside by 680.6% through the first quarter. Renaissance Applied sciences LLC now owns 1,147,500 shares of the corporate’s inventory value $45,212,000 after shopping for a further 1,000,500 shares over the last quarter. 89.94% of the inventory is at the moment owned by institutional traders.

Academy Sports activities and Outside Firm Profile (Get Ranking)

Academy Sports activities and Outside, Inc, by its subsidiaries, operates as a sporting items and outside leisure merchandise retailer in the US. The corporate sells coolers and drinkware, tenting equipment, tenting tools, sun shades, backpacks, and sports activities baggage; marine tools and fishing rods, reels, baits, and tools; firearms, ammunition, archery and archery tools, camouflage attire, waders, taking pictures equipment, optics, airguns, and looking tools; staff sports activities tools, together with baseball, soccer, basketball, soccer, golf, racket sports activities, and volleyball; health tools and equipment, and vitamin provides; and patio furnishings, outside cooking, wheeled items, trampolines, playsets, watersports, and pet tools, in addition to electronics merchandise, watches, consumables, batteries, and so forth.

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Earnings History and Estimates for Academy Sports and Outdoors (NASDAQ:ASO)

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