Amer Sports (NYSE:AS) Issues Earnings Results

Amer Sports (NYSE:AS) issued its earnings results on Tuesday. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.12, RTT News reports. Amer Sports had a positive return on equity of 3.15% and a negative net margin of 0.74%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.08 earnings per share. Amer Sports updated its Q2 2025 guidance to 0.000-0.020 EPS and its FY 2025 guidance to 0.670-0.720 EPS.

Amer Sports Stock Up 18.6%

Shares of NYSE:AS opened at $37.23 on Wednesday. The stock has a market cap of $20.62 billion, a price-to-earnings ratio of -265.91, a PEG ratio of 0.72 and a beta of 2.76. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. Amer Sports has a 12-month low of $10.11 and a 12-month high of $37.99. The business’s 50 day moving average is $26.08 and its 200 day moving average is $27.01.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amer Sports stock. AQR Capital Management LLC acquired a new position in Amer Sports, Inc. (NYSE:AS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 21,125 shares of the company’s stock, valued at approximately $565,000. Hedge funds and other institutional investors own 40.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Sanford C. Bernstein assumed coverage on Amer Sports in a report on Thursday, February 13th. They set an “outperform” rating and a $38.00 price objective for the company. The Goldman Sachs Group decreased their price objective on Amer Sports from $33.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. JPMorgan Chase & Co. boosted their price objective on Amer Sports from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Wells Fargo & Company boosted their price objective on Amer Sports from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, May 14th. Finally, UBS Group boosted their price objective on Amer Sports from $37.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.55.

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.