| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | $17.00 → $19.00 | Overweight → Equal Weight | Wells Fargo |
| 4/8/2024 | Outperform → Mkt Perform | Bernstein | |
| 2/26/2024 | $19.00 | Outperform | Exane BNP Paribas |
| 2/26/2024 | $18.00 | Outperform | TD Cowen |
| 2/26/2024 | $16.00 | Hold | HSBC Securities |
| 2/26/2024 | $21.00 | Buy | Goldman |
| 2/26/2024 | $19.00 | Overweight | JP Morgan |
| 2/26/2024 | $20.00 | Outperform | Robert W. Baird |
| 2/26/2024 | $16.00 | Equal-Weight | Morgan Stanley |
| 2/26/2024 | $23.00 | Buy | UBS |
SC 13G - Amer Sports, Inc. (0001988894) (Subject)
Strong quarter with sales, adjusted margins and EPS above expectations Revenue increased 17% to $1,354 million Arc'teryx continues standout growth and profitability Ball & Racquet segment accelerated to double-digit growth Continued strong results in Greater China and Asia Pacific Accelerating growth in both North America and EMEA Salomon announces next CEO Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") announced its financial results for the third quarter of 2024. CEO James Zheng commented, "Third quarter was very strong for Amer Sports Group across all brands and geographies. Led by Arc'teryx, our unique portfolio of premium technical brands continues
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its third quarter 2024 financial results before the market opens on Tuesday, November 19, 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon,
Strong financial performance with sales, adjusted margins and EPS above expectations Arc'teryx continues exceptional growth and profitability Top-tier performance in Greater China Double-digit growth in Salomon soft goods continues, notably footwear Wilson returned to growth, with a strong product pipeline for the second half of 2024 Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") announced its financial results for the second quarter of 2024. CEO James Zheng commented, "I am very pleased by our financial and operational performance in the second quarter of 2024. Our unique portfolio of premium technical brands is taking share in sports and outdoor markets all
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its second quarter 2024 financial results before the market opens on Tuesday, August 20, 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon
First quarter revenue, adjusted operating margin, and adjusted diluted EPS above guidance First quarter revenue increased 13% year-over-year to $1.2 billion led by the Technical Apparel Segment Strong gross margin expansion reflecting mix shift toward highest-margin brands, channels, and regions Flagship Arc'teryx brand continues to generate best-in-class financial performance IPO proceeds used to pay down $1.4 billion of debt; ended 1Q with $1.7 billion of net debt1 1 Net debt is defined as loans from financial institutions and related parties less cash and cash equivalents Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") today announced its financial results f
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its first quarter 2024 financial results before the market opens on Tuesday, May 21st 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, W
Full-year 2023 revenues, net income, and adjusted EBITDA at the high-end of or above preliminary flash results range reported in January 2023 revenues increased 23% vs. 2022 to $4.37 billion, and 4Q 2023 revenues rose 10% vs. 4Q 2022 Continued strong momentum of unique brand portfolio, led by Arc'teryx Healthy gross margin and EBITDA margin expansion in 2023 Completed IPO on NYSE and $1.8 billion debt refinancing in February 2024 Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") today announced its financial results for the fourth quarter and fiscal year 2023. CEO James Zheng commented, "2023 was another strong year of sales growth and margin expansion for Amer S
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its fourth quarter and full year 2023 financial results before the market opens on Tuesday March 5, 2024. The company will host a call with management that day at 8:00am Eastern Time. A live webcast of the earnings call will be available on the Amer Sports Investor Relations website at https://investors.amersports.com. A replay of the call will be available on the company's website approximately three hours after the conclusion of the call. About Amer Sports: Amer Sports is a global group of iconic premium sports and outdoor brands with Nordic roots and 70+ years of
Wells Fargo downgraded Amer Sports from Overweight to Equal Weight and set a new price target of $19.00 from $17.00 previously
Bernstein downgraded Amer Sports from Outperform to Mkt Perform
Exane BNP Paribas initiated coverage of Amer Sports with a rating of Outperform and set a new price target of $19.00
TD Cowen initiated coverage of Amer Sports with a rating of Outperform and set a new price target of $18.00
HSBC Securities initiated coverage of Amer Sports with a rating of Hold and set a new price target of $16.00
Goldman initiated coverage of Amer Sports with a rating of Buy and set a new price target of $21.00
JP Morgan initiated coverage of Amer Sports with a rating of Overweight and set a new price target of $19.00
Robert W. Baird initiated coverage of Amer Sports with a rating of Outperform and set a new price target of $20.00
Morgan Stanley initiated coverage of Amer Sports with a rating of Equal-Weight and set a new price target of $16.00
UBS initiated coverage of Amer Sports with a rating of Buy and set a new price target of $23.00
Strong quarter with sales, adjusted margins and EPS above expectations Revenue increased 17% to $1,354 million Arc'teryx continues standout growth and profitability Ball & Racquet segment accelerated to double-digit growth Continued strong results in Greater China and Asia Pacific Accelerating growth in both North America and EMEA Salomon announces next CEO Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") announced its financial results for the third quarter of 2024. CEO James Zheng commented, "Third quarter was very strong for Amer Sports Group across all brands and geographies. Led by Arc'teryx, our unique portfolio of premium technical brands continues
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its third quarter 2024 financial results before the market opens on Tuesday, November 19, 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon,
HELSINKI, Oct. 9, 2024 /PRNewswire/ -- Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that its CEO James Zheng, along with other members of the Amer Sports management team, attended events with investors and research analysts in Shanghai, China on October 8, 2024 as part of the company's commitment to shareholder engagement. During the meeting, Mr. Zheng provided color on both the Company's long-term growth perspective for Greater China as well as an update on sales performance for Greater China as it relates to Golden Week (October 1, 2024 through October 7, 2024), which followed the recently-announced government stimulus program. Ame
Strong financial performance with sales, adjusted margins and EPS above expectations Arc'teryx continues exceptional growth and profitability Top-tier performance in Greater China Double-digit growth in Salomon soft goods continues, notably footwear Wilson returned to growth, with a strong product pipeline for the second half of 2024 Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") announced its financial results for the second quarter of 2024. CEO James Zheng commented, "I am very pleased by our financial and operational performance in the second quarter of 2024. Our unique portfolio of premium technical brands is taking share in sports and outdoor markets all
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its second quarter 2024 financial results before the market opens on Tuesday, August 20, 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon
NYSE issuers raise $12 billion as IPO activity builds momentum Welcomes 7 of the 10 largest U.S. transactions The Big Board continues to drive exchange transfers The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today reported an industry-leading $12 billion in IPO proceeds for the first half of 2024, setting the pace globally as IPO activity regained momentum compared to the prior two years. The NYSE listed 7 of the 10 largest U.S. transactions so far this year, including the two largest IPOs: Viking Holdings (NYSE:VIK) and Amer Sports (NYSE:AS). The exchange also led the re-emergence of technology IPO
First quarter revenue, adjusted operating margin, and adjusted diluted EPS above guidance First quarter revenue increased 13% year-over-year to $1.2 billion led by the Technical Apparel Segment Strong gross margin expansion reflecting mix shift toward highest-margin brands, channels, and regions Flagship Arc'teryx brand continues to generate best-in-class financial performance IPO proceeds used to pay down $1.4 billion of debt; ended 1Q with $1.7 billion of net debt1 1 Net debt is defined as loans from financial institutions and related parties less cash and cash equivalents Amer Sports Inc. (NYSE:AS) ("Amer Sports" or the "Company") today announced its financial results f
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that it will report its first quarter 2024 financial results before the market opens on Tuesday, May 21st 2024. The company will webcast a call with management that day at 8:00 a.m. Eastern Time. Amer Sports, Inc.'s webcast will be available via the company website at Amer Sports - Investor Relations. A replay of the conference call will be available approximately three hours after the conclusion of the call on the company's website at Amer Sports - Investor Relations. About Amer Sports Amer Sports is a global group of iconic sports and outdoor brands, including Arc'teryx, Salomon, W
Crewe Capital (Crewe), one of the nation's leading boutique investment banks, exclusively guided private investment firm PV3 Investments (PV3) in its purchase of ENVE Composites (ENVE), a U.S. cycling manufacturer, from its parent company Amer Sports (NYSE:AS). Both headquartered in Utah, ENVE was a natural fit for PV3, whose owners are passionate about cycling and want to support its continued growth. Founded in 2007, ENVE is one of the few U.S. cycling brands to have all-American manufacturing and is dedicated to building high-tech biking performance products in-house, such as wheels, components, and bicycles. "ENVE is uniquely positioned in the market, and we see PV3 as an excellent
Amer Sports, Inc. ("Amer Sports"), a global group of iconic sports and outdoor brands, announced today that its Annual Report on Form 20-F for the fiscal year ended December 31, 2023 has been filed with the Securities and Exchange Commission. The Annual Report on Form 20-F can be accessed on the Company's investor relations website at Amer Sports - Investor Relations and on the SEC's website at www.sec.gov. The Company's security holders may request a hard copy of the Company's complete audited financial statements free of charge by visiting the "Investor Alerts & Contact Us" page in the Investor Resources section of the Company's investor relations website. About Amer Sports Amer Spo
6-K - Amer Sports, Inc. (0001988894) (Filer)
6-K - Amer Sports, Inc. (0001988894) (Filer)
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20-F - Amer Sports, Inc. (0001988894) (Filer)
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 20 points on Monday. Shares of Intapp, Inc. (NASDAQ:INTA) fell sharply in today's pre-market trading after Oppenheimer downgraded the stock from Outperform to Perform. Intapp shares tumbled 4.5% to $ 34.67 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) shares dipped 16.2% to $8.79 in pre-market trading. Arcutis Biotherapeutics, last week, reported inducement grants under Nasdaq Listing Rule 5635(c)(4). ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) shares declined 6.4% to $
17 analysts have expressed a variety of opinions on Amer Sports (NYSE:AS) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 7 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 6 6 2 0 0 Analysts have set 12-month price targets for Amer Sports, revealing an average target of $18.62, a high estimate of $23.00, and a low estimate of $15.00. Observing a 4.14% increase, the current average has risen fr
Morgan Stanley analyst Alex Straton maintains Amer Sports (NYSE:AS) with a Equal-Weight and lowers the price target from $16 to $15.
Shares of James Hardie Industries plc (NYSE:JHX) fell sharply during Tuesday's session after the company reported worse-than-expected quarterly financial results. James Hardie Industries posted adjusted earnings of 40 cents per share, missing market expectations of 42 cents per share. The company's quarterly sales came in at $1.005 billion versus estimates of $1.009 billion, according to data from Benzinga Pro. JP Morgan analyst Al Harvey downgraded James Hardie Industries from Overweight to Neutral. James Hardie Industries shares dipped 14.3% to $31.36 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers MGO Global, Inc. (NASDAQ:MGOL) shares j
It’s a rather quiet session on Tuesday, with major U.S. averages trading around the flatline at midday trading in New York. Traders remained on the sidelines ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting minutes and Nvidia Corp. (NASDAQ:NVDA) earnings report. Tuesday saw Federal Reserve officials making public statements with mixed messages. Atlanta Fed President Raphael Bostic said he expects inflation to decline but at a slow pace, and he does not foresee a rate cut before the fourth quarter. Board member Christopher J. Waller, on a more dovish note, said the risk of inflation reaccelerating is off the table and he does not expect a rate hike. Sectors an
Amer Sports, Inc. (NYSE:AS) shares are trading lower after the company reported first-quarter results. The company reported first-quarter adjusted earnings per share of 8 cents, beating the analyst consensus of 3 cents. Quarterly revenues of $1.183 billion beat the street view of $1.131 billion. Revenue increased 13% year over year, led by a 44% increase in the Technical Apparel segment. Amer Sports said that Technical Apparel growth was driven by Arc’teryx, which is generating double-digit new store growth while also delivering exceptional omni-comp growth against difficult comparisons from the first quarter of 2023. The brand generated broad-based growth across regions, led b
Amer Sports is providing the following guidance for the second quarter ending June 30, 2024 (all guidance figures reference adjusted amounts): Approximately 10%, including the impact of the disposition of ENVE on May 1, 2024 Gross margin: approximately 54.0% Operating margin: approximately 0.0% Net finance cost: $45 - $50 million Effective tax rate: approximately 38% Fully diluted share count: 510 million
Amer Sports is updating guidance for the year ending December 31, 2024 (all guidance figures reference adjusted amounts): Reported revenue growth: Mid-teens % Gross margin: approximately 54.0% Operating margin: 10.5% - 11.0% D&A: approximately $250 million, including approximately $110 million of ROU depreciation Net finance cost: $215 - $225 million, including approximately $30 million of finance costs in the first quarter 2024 that won't be recurring Effective tax rate: approximately 38% Fully diluted share count: 500 million Fully diluted EPS: toward the high end of the previous guidance range of $0.30 to $0.40, including a $0.03 - $0.04 negative impact to EPS from non-recurring