Equities research analysts expect that American Outdoor Brands Corp (NASDAQ:AOBC) will report $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for American Outdoor Brands’ earnings, with estimates ranging from $0.07 to $0.39. American Outdoor Brands reported earnings per share of $0.66 during the same quarter last year, which suggests a negative year over year growth rate of 77.3%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 1st.
According to Zacks, analysts expect that American Outdoor Brands will report full year earnings of $0.69 per share for the current year, with EPS estimates ranging from $0.57 to $1.05. For the next year, analysts anticipate that the firm will report earnings of $1.08 per share, with EPS estimates ranging from $0.75 to $1.38. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $148.40 million during the quarter, compared to the consensus estimate of $142.10 million. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The company’s quarterly revenue was down 36.5% on a year-over-year basis.
A number of equities analysts have issued reports on AOBC shares. Lake Street Capital reiterated a “hold” rating and issued a $11.00 price objective (down previously from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Cowen reiterated a “buy” rating and issued a $19.00 price objective on shares of American Outdoor Brands in a report on Friday, December 8th. Craig Hallum reiterated a “hold” rating and issued a $17.00 price objective on shares of American Outdoor Brands in a report on Wednesday, September 20th. Forward View upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $17.00 price objective on shares of American Outdoor Brands in a report on Wednesday, September 20th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $18.80.
In other news, Director Robert H. Brust sold 3,802 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total transaction of $53,113.94. Following the completion of the transaction, the director now directly owns 8,526 shares in the company, valued at $119,108.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.31% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Northern Trust Corp increased its holdings in shares of American Outdoor Brands by 5.2% during the second quarter. Northern Trust Corp now owns 787,335 shares of the company’s stock valued at $17,447,000 after acquiring an additional 38,968 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of American Outdoor Brands during the third quarter valued at $575,000. Stifel Financial Corp boosted its position in shares of American Outdoor Brands by 5.1% during the second quarter. Stifel Financial Corp now owns 147,747 shares of the company’s stock valued at $3,359,000 after buying an additional 7,231 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of American Outdoor Brands by 356.4% during the third quarter. SG Americas Securities LLC now owns 224,077 shares of the company’s stock valued at $3,417,000 after buying an additional 174,975 shares during the last quarter. Finally, Fort L.P. boosted its position in shares of American Outdoor Brands by 50.5% during the second quarter. Fort L.P. now owns 273,290 shares of the company’s stock valued at $6,056,000 after buying an additional 91,752 shares during the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.
American Outdoor Brands (AOBC) opened at $11.82 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $639.63, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.36 and a beta of -0.15. American Outdoor Brands has a twelve month low of $11.75 and a twelve month high of $24.49.
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American Outdoor Brands Company Profile
American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.
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