Amer Sports (NYSE:AS) Issues Earnings Results

Amer Sports (NYSE:AS) posted its earnings results on Tuesday. The company reported $0.17 EPS for the quarter, meeting 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 company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.60 billion. The company’s quarterly revenue was up 23.2% compared to the same quarter last year.

Amer Sports Trading Up 5.1 %

AS opened at $30.31 on Thursday. Amer Sports has a 12 month low of $10.11 and a 12 month high of $34.00. The stock has a market capitalization of $16.56 billion and a price-to-earnings ratio of -216.51. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 0.77. The business has a fifty day moving average price of $30.05 and a 200 day moving average price of $22.48.

Analysts Set New Price Targets

A number of equities research analysts have commented on AS shares. TD Cowen lifted their target price on Amer Sports from $29.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on Amer Sports from $25.00 to $28.00 and gave the company an “equal weight” rating in a research report on Wednesday. Morgan Stanley lifted their target price on Amer Sports from $19.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their price objective on Amer Sports from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Finally, Hsbc Global Res cut Amer Sports from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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.