Amer Sports (NYSE:AS) Issues Earnings Results

Amer Sports (NYSE:AS) issued its quarterly earnings results on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.17, Zacks reports. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.59 billion. The firm’s revenue was up 23.2% on a year-over-year basis.

Amer Sports Stock Down 0.2 %

Shares of NYSE:AS opened at $28.55 on Tuesday. The company has a market capitalization of $15.60 billion and a price-to-earnings ratio of -203.93. The company has a 50 day moving average of $29.98 and a two-hundred day moving average of $22.18. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AS shares. TD Cowen raised their target price on shares of Amer Sports from $29.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein initiated coverage on shares of Amer Sports in a report on Thursday, February 13th. They issued an “outperform” rating and a $38.00 price target on the stock. Morgan Stanley upped their price objective on Amer Sports from $19.00 to $27.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Robert W. Baird lifted their target price on Amer Sports from $24.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Hsbc Global Res lowered Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Amer Sports currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.64.

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.