Amer Sports (AS) Projected to Post Quarterly Earnings on Tuesday

Amer Sports (NYSE:AS) will likely be issuing its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $1.59 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Amer Sports Trading Down 2.6 %

NYSE:AS opened at $28.58 on Friday. The stock has a fifty day simple moving average of $29.98 and a 200-day simple moving average of $22.03. Amer Sports has a 52-week low of $10.11 and a 52-week high of $34.00. The company has a market capitalization of $15.61 billion and a PE ratio of -204.10. The company has a quick ratio of 0.77, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AS shares. HSBC downgraded shares of Amer Sports from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Monday, December 16th. Citigroup lifted their price target on Amer Sports from $24.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price target on Amer Sports from $20.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Robert W. Baird boosted their target price on Amer Sports from $24.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. boosted their target price on Amer Sports from $19.00 to $26.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.64.

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.