Amer Sports (NYSE:AS) Releases FY24 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.40-0.44 for the period, compared to the consensus estimate of $0.39. The company issued revenue guidance of +15-17% yr/yr to $5.02-5.11 billion, compared to the consensus revenue estimate of $5.01 billion. Amer Sports also updated its FY 2024 guidance to 0.400-0.440 EPS.

Amer Sports Trading Up 3.8 %

NYSE:AS opened at $14.15 on Thursday. Amer Sports has a twelve month low of $10.11 and a twelve month high of $18.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.96. The company has a 50-day moving average of $12.18 and a 200-day moving average of $14.13.

Amer Sports (NYSE:AS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.11. The business had revenue of $993.80 million for the quarter, compared to the consensus estimate of $947.59 million. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts expect that Amer Sports will post 0.4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Amer Sports from $16.00 to $15.00 and set an equal weight rating for the company in a report on Thursday, May 23rd. UBS Group raised their target price on shares of Amer Sports from $17.00 to $19.00 and gave the stock a buy rating in a report on Wednesday. Evercore ISI reiterated an outperform rating and issued a $21.00 target price on shares of Amer Sports in a report on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of Amer Sports from $19.00 to $17.00 and set an overweight rating for the company in a report on Thursday, April 25th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $18.50.

Amer Sports Company Profile

Amer Sports, Inc designs, manufactures, markets, distributes, and sells sports equipment, apparel, footwear, and accessories in Europe, the Middle East, Africa, the Americas, China, and the Asia Pacific. It operates through three segments: Technical Apparel, Outdoor Performance, and Ball & Racquet Sports.