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

Academy Sports and Outdoors (NASDAQ:ASO) will likely be posting its quarterly earnings results before the market opens on Thursday, March 20th. Analysts expect Academy Sports and Outdoors to post earnings of $1.82 per share and revenue of $1.67 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Academy Sports and Outdoors Price Performance

NASDAQ ASO opened at $46.39 on Wednesday. The stock has a 50-day simple moving average of $51.75 and a 200 day simple moving average of $53.30. Academy Sports and Outdoors has a twelve month low of $43.16 and a twelve month high of $72.35. The stock has a market capitalization of $3.22 billion, a PE ratio of 7.62, a P/E/G ratio of 1.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.57.

Academy Sports and Outdoors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Tuesday, March 25th will be given a $0.13 dividend. This is an increase from Academy Sports and Outdoors’s previous quarterly dividend of $0.11. This represents a $0.52 annualized dividend and a yield of 1.12%. The ex-dividend date is Tuesday, March 25th. Academy Sports and Outdoors’s payout ratio is currently 8.54%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ASO shares. TD Cowen lifted their price target on Academy Sports and Outdoors from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Wednesday, January 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $60.00 target price on shares of Academy Sports and Outdoors in a research note on Monday. Robert W. Baird lowered their price target on 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 decreased their price objective on Academy Sports and Outdoors from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday. Finally, UBS Group decreased their price objective on Academy Sports and Outdoors from $58.00 to $55.00 and set a “neutral” rating on the stock in a report on Tuesday. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.13.

About Academy Sports and Outdoors

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.