Amer Sports (AS) Scheduled to Post Earnings on Tuesday

Amer Sports (NYSE:AS) will be posting its quarterly earnings results before the market opens on Tuesday, November 19th. Analysts expect Amer Sports to post earnings of $0.09 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Amer Sports (NYSE:AS) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The firm had revenue of $993.80 million during the quarter, compared to analyst estimates of $947.59 million. The business’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect Amer Sports to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Amer Sports Stock Performance

Shares of Amer Sports stock opened at $19.33 on Monday. Amer Sports has a one year low of $10.11 and a one year high of $20.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.87. The stock’s 50-day moving average is $17.33 and its 200 day moving average is $14.73.

Analysts Set New Price Targets

A number of research firms recently weighed in on AS. TD Cowen upped their target price on shares of Amer Sports from $17.00 to $21.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company downgraded Amer Sports from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $17.00 to $19.00 in a research note on Monday, October 14th. UBS Group increased their price target on shares of Amer Sports from $19.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Nomura Securities raised Amer Sports to a “strong-buy” rating in a report on Tuesday, September 24th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $21.00 target price on shares of Amer Sports in a research note on Wednesday, August 21st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.57.

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.