Academy Sports and Outdoors (ASO) Expected to Announce Earnings on Thursday

Academy Sports and Outdoors (NASDAQ:ASO) will likely be announcing its earnings results before the market opens on Thursday, March 20th. Analysts expect the company to announce earnings of $1.82 per share and revenue of $1.67 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Academy Sports and Outdoors Price Performance

NASDAQ:ASO opened at $46.72 on Tuesday. Academy Sports and Outdoors has a 52 week low of $43.16 and a 52 week high of $72.43. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57. The firm’s 50-day simple moving average is $51.98 and its 200 day simple moving average is $53.36. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.02 and a beta of 1.25.

Academy Sports and Outdoors Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. Academy Sports and Outdoors’s dividend payout ratio (DPR) is 8.54%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wedbush reiterated an “outperform” rating and set a $65.00 target price on shares of Academy Sports and Outdoors in a research report on Wednesday, December 11th. Robert W. Baird reduced their price objective on shares of Academy Sports and Outdoors from $68.00 to $65.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Citigroup cut their price target on shares of Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday. Telsey Advisory Group restated an “outperform” rating and set a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Finally, Truist Financial boosted their price target on Academy Sports and Outdoors from $50.00 to $51.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Academy Sports and Outdoors presently has an average rating of “Hold” and a consensus price target of $61.33.

Academy Sports and Outdoors Company Profile

Academy Sports and Outdoors, Inc, through its subsidiaries, operates as a sporting goods and outdoor recreational retailer in the United States. The company outdoor division comprises camping products, such as coolers and drinkware, and camping accessories and equipment,; fishing products, including marine equipment and fishing rods, reels, and baits and equipment; and hunting products, which includes firearms, ammunition, archery and archery equipment, camouflage apparel, waders, shooting accessories, gun safes, optics, airguns, and hunting equipment.