Q2 2023 EPS Estimates for Academy Sports activities and Open air, Inc. Lowered by Analyst (NASDAQ:ASO)

Academy Sports activities and Open air, Inc. (NASDAQ:ASOGet Ranking) – Oppenheimer lowered their Q2 2023 earnings per share estimates for Academy Sports activities and Open air in a analysis notice 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 Open air’ present full-year earnings is $7.06 per share. Oppenheimer additionally issued estimates for Academy Sports activities and Open air’ Q3 2023 earnings at $1.50 EPS, This autumn 2023 earnings at $1.56 EPS and FY2023 earnings at $6.73 EPS.

Academy Sports activities and Open air (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 Open air 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 yr, the agency earned $1.89 earnings per share. The agency’s income was down 7.1% in comparison with the identical quarter final yr.

ASO has been the subject of a number of different reviews. Stephens elevated their value goal on Academy Sports activities and Open air from $70.00 to $72.00 and gave the corporate an “obese” score in a analysis notice on Wednesday, June eighth. Wells Fargo & Firm diminished their value goal on Academy Sports activities and Open air from $62.00 to $58.00 and set an “obese” score on the inventory in a analysis notice on Thursday, March twenty fourth. Truist Monetary assumed protection on Academy Sports activities and Open air in a analysis notice on Wednesday, Might eleventh. They issued a “purchase” score and a $53.00 value goal on the inventory. Loop Capital elevated their value goal on Academy Sports activities and Open air from $43.00 to $50.00 in a analysis notice on Wednesday, March thirtieth. Lastly, The Goldman Sachs Group lower their value goal on Academy Sports activities and Open air from $61.00 to $49.00 and set a “purchase” score on the inventory in a analysis notice on Wednesday, Might 4th. Twelve funding analysts have rated the inventory with a purchase score, Based mostly on information from MarketBeat.com, the inventory at present has a mean score of “Purchase” and a mean value 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 transferring common is $36.81 and its two-hundred day transferring common is $37.77. Academy Sports activities and Open air 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 lately disclosed a quarterly dividend, which will likely be paid on Thursday, July 14th. Shareholders of file 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 Open air’s payout ratio is 4.30%.

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

Academy Sports activities and Open air Firm Profile (Get Ranking)

Academy Sports activities and Open air, Inc, by its subsidiaries, operates as a sporting items and outside leisure merchandise retailer in the USA. The corporate sells coolers and drinkware, tenting equipment, tenting gear, sun shades, backpacks, and sports activities luggage; marine gear and fishing rods, reels, baits, and gear; firearms, ammunition, archery and archery gear, camouflage attire, waders, capturing equipment, optics, airguns, and searching gear; staff sports activities gear, together with baseball, soccer, basketball, soccer, golf, racket sports activities, and volleyball; health gear and equipment, and diet provides; and patio furnishings, outside cooking, wheeled items, trampolines, playsets, watersports, and pet gear, in addition to electronics merchandise, watches, consumables, batteries, and many others.

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

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