Amer Sports (NYSE:AS) Issues FY 2024 Earnings Guidance

Amer Sports (NYSE:AS) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.400-0.440 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of -. Amer Sports also updated its Q3 2024 guidance to 0.080-0.100 EPS.

Amer Sports Trading Up 7.8 %

NYSE:AS opened at $12.35 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 0.97 and a debt-to-equity ratio of 0.07. The firm’s fifty day simple moving average is $12.19 and its 200 day simple moving average is $14.14. Amer Sports has a twelve month low of $10.11 and a twelve month high of $18.23.

Amer Sports (NYSE:AS) last posted its earnings results on Tuesday, May 21st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.13 billion. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts predict that Amer Sports will post 0.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on AS shares. Wells Fargo & Company reduced their target price on Amer Sports from $19.00 to $17.00 and set an overweight rating on the stock in a report on Thursday, April 25th. UBS Group reduced their target price on shares of Amer Sports from $23.00 to $17.00 and set a buy rating on the stock in a research report on Wednesday, August 7th. Finally, Morgan Stanley dropped their price objective on shares of Amer Sports from $16.00 to $15.00 and set an equal weight rating on the stock in a research note on Thursday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $18.36.

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.