Academy Sports and Outdoors, Inc. Announces Quarterly Dividend of $0.15 (NASDAQ:ASO)

by · The Markets Daily

Academy Sports and Outdoors, Inc. (NASDAQ:ASO – Get Free Report) announced a quarterly dividend on Thursday, June 4th. Shareholders of record on Thursday, June 18th will be paid a dividend of 0.15 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, June 18th.

Academy Sports and Outdoors has a dividend payout ratio of 9.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Academy Sports and Outdoors to earn $6.47 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 9.3%.

Academy Sports and Outdoors Stock Performance

Academy Sports and Outdoors stock traded up $0.65 during midday trading on Friday, hitting $51.75. The company’s stock had a trading volume of 1,304,542 shares, compared to its average volume of 1,447,286. Academy Sports and Outdoors has a 1-year low of $41.29 and a 1-year high of $62.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.89 and a quick ratio of 0.44. The company has a 50-day moving average price of $54.46 and a two-hundred day moving average price of $54.47. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 0.80 and a beta of 1.04.

Academy Sports and Outdoors (NASDAQ:ASO – Get Free Report) last released its earnings results on Tuesday, March 17th. The company reported $1.97 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.08). Academy Sports and Outdoors had a net margin of 6.22% and a return on equity of 17.88%. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the prior year, the business earned $1.96 earnings per share. Academy Sports and Outdoors’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Academy Sports and Outdoors will post 5.93 earnings per share for the current year.

Academy Sports and Outdoors Company Profile

(Get Free Report)

Academy Sports and Outdoors is a leading specialty retailer of sporting goods and outdoor gear, operating more than 260 stores across the United States. Headquartered in Katy, Texas, the company offers a broad assortment of merchandise spanning athletic footwear and apparel, team sports equipment, camping and outdoor recreation products, hunting and fishing supplies, and fitness accessories. In addition to its brick-and-mortar footprint, Academy serves customers through its e-commerce platform, offering online ordering, in-store pickup, and home delivery options.

The company’s product portfolio includes seasonal and year-round categories designed to meet the needs of both casual enthusiasts and serious athletes.

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