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

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) 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) 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

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.