Amer Sports (NYSE:AS – Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07, FiscalAI reports. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Amer Sports had a net margin of 6.51% and a return on equity of 9.74%.
Amer Sports Stock Performance
Shares of AS stock opened at $33.15 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.50. Amer Sports has a one year low of $28.92 and a one year high of $42.76. The company’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $35.80. The stock has a market capitalization of $18.36 billion, a price-to-earnings ratio of 44.20, a PEG ratio of 1.35 and a beta of 2.16.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Zacks Research cut shares of Amer Sports from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 19th. Evercore upped their price objective on shares of Amer Sports from $50.00 to $51.00 and gave the company an “outperform” rating in a research report on Wednesday, February 25th. UBS Group reissued a “buy” rating on shares of Amer Sports in a research report on Friday, March 13th. Truist Financial set a $49.00 price objective on shares of Amer Sports in a research report on Wednesday, February 25th. Finally, Piper Sandler reissued an “overweight” rating on shares of Amer Sports in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $47.18.
Insider Activity
In other news, CFO Andrew E. Page sold 6,005 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $36.26, for a total transaction of $217,741.30. Following the transaction, the chief financial officer owned 11,828 shares of the company’s stock, valued at approximately $428,883.28. This trade represents a 33.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Stuart Haselden sold 11,438 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $36.26, for a total transaction of $414,741.88. Following the transaction, the chief executive officer directly owned 15,275 shares in the company, valued at $553,871.50. The trade was a 42.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 27,125 shares of company stock worth $956,673 in the last ninety days.
Institutional Investors Weigh In On Amer Sports
Several institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. raised its stake in Amer Sports by 19.6% during the fourth quarter. Invesco Ltd. now owns 232,193 shares of the company’s stock worth $8,672,000 after acquiring an additional 37,988 shares during the period. Owlhouse Capital LP acquired a new stake in Amer Sports during the fourth quarter worth about $4,799,000. Vident Advisory LLC raised its stake in Amer Sports by 14.5% during the fourth quarter. Vident Advisory LLC now owns 798,441 shares of the company’s stock worth $29,822,000 after acquiring an additional 101,343 shares during the period. XTX Topco Ltd acquired a new stake in Amer Sports during the fourth quarter worth about $694,000. Finally, Zacks Investment Management acquired a new stake in Amer Sports during the fourth quarter worth about $2,151,000. Institutional investors and hedge funds own 40.25% of the company’s stock.
About Amer Sports
Amer Sports (NYSE:AS) is a Helsinki-based sporting goods group that designs, develops and markets performance-oriented equipment, apparel and footwear across multiple sports. The company focuses on product innovation, brand-driven marketing and global distribution to serve athletes and outdoor enthusiasts, offering goods for activities such as skiing, running, hiking, tennis, golf and diving.
Amer Sports’ portfolio comprises well-known sports and outdoor brands, including Salomon (outdoor footwear and winter sports), Atomic (alpine skis and ski equipment), Arc’teryx (technical outerwear and climbing gear), Wilson (racquet and ball sports equipment) and Suunto (precision instruments and sports watches).
See Also
- Five stocks we like better than Amer Sports
- Why Trump’s Amazon Stock Sale May Not Matter at All
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
Receive News & Ratings for Amer Sports Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amer Sports and related companies with MarketBeat.com's FREE daily email newsletter.
