Amer Sports (AS) Projected to Post Quarterly Earnings on Tuesday

Amer Sports (NYSE:AS) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect Amer Sports to post earnings of $0.17 per share and revenue of $1.59 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Amer Sports Price Performance

AS stock opened at $31.00 on Tuesday. Amer Sports has a twelve month low of $10.11 and a twelve month high of $34.00. The company has a current ratio of 1.62, a quick ratio of 0.77 and a debt-to-equity ratio of 0.58. The business has a 50 day simple moving average of $29.60 and a 200-day simple moving average of $21.50. The company has a market capitalization of $16.93 billion and a P/E ratio of -221.38.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AS shares. JPMorgan Chase & Co. upped their price target on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group upped their price target on Amer Sports from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. UBS Group upped their price target on Amer Sports from $27.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price target on Amer Sports from $20.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Finally, HSBC cut Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.64.

About Amer Sports

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.