Amer Sports (NYSE:AS) Announces Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Amer Sports (NYSE:AS) released its earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11, Briefing.com reports. The business had revenue of $993.80 million during the quarter, compared to analysts’ expectations of $947.59 million. Amer Sports’s revenue for the quarter was up 16.0% on a year-over-year basis.

Amer Sports Stock Performance

Amer Sports stock opened at $14.15 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.97 and a current ratio of 1.96. Amer Sports has a 12 month low of $10.11 and a 12 month high of $18.23. The business has a 50 day simple moving average of $12.18 and a 200-day simple moving average of $14.13.

Analyst Ratings Changes

A number of research firms recently commented on AS. Morgan Stanley decreased their price objective on Amer Sports from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, May 23rd. UBS Group raised their price objective on Amer Sports from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Company cut their price target on Amer Sports from $19.00 to $17.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $21.00 price target on shares of Amer Sports in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Amer Sports has an average 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.