Amer Sports (AS) Scheduled to Post Earnings on Tuesday

Amer Sports (NYSE:AS) will be posting its 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. Persons interested in registering for the company’s earnings conference call can do so using this link.

Amer Sports (NYSE:AS) last released its earnings results on Tuesday, August 20th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. The firm had revenue of $993.80 million during the quarter, compared to analyst estimates of $947.59 million. Amer Sports had a negative net margin of 2.79% and a negative return on equity of 0.63%. The company’s quarterly 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 Down 3.0 %

Shares of NYSE:AS opened at $19.33 on Friday. Amer Sports has a 52-week low of $10.11 and a 52-week high of $20.68. The company has a quick ratio of 0.81, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $17.33 and its 200-day moving average is $14.72.

Analysts Set New Price Targets

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

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.