Equities research analysts predict that American Outdoor Brands Corp (NASDAQ:AOBC) will announce sales of $153.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Outdoor Brands’ earnings. The lowest sales estimate is $150.50 million and the highest is $157.00 million. American Outdoor Brands posted sales of $148.43 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings report on Thursday, December 6th.
On average, analysts expect that American Outdoor Brands will report full-year sales of $630.55 million for the current fiscal year, with estimates ranging from $622.10 million to $639.00 million. For the next financial year, analysts forecast that the business will post sales of $666.10 million, with estimates ranging from $653.20 million to $679.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, August 30th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.09. The company had revenue of $138.83 million for the quarter, compared to analysts’ expectations of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%.
Several analysts have recently weighed in on AOBC shares. Lake Street Capital boosted their price target on American Outdoor Brands from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. BidaskClub cut American Outdoor Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 3rd. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Tuesday, August 21st. Wedbush set a $15.00 price target on American Outdoor Brands and gave the stock a “buy” rating in a report on Saturday, September 1st. Finally, ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. American Outdoor Brands currently has an average rating of “Buy” and an average target price of $14.60.
In related news, Director Robert H. Brust bought 4,240 shares of American Outdoor Brands stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average cost of $14.83 per share, for a total transaction of $62,879.20. Following the completion of the acquisition, the director now directly owns 12,366 shares of the company’s stock, valued at approximately $183,387.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $14.50, for a total value of $145,000.00. Following the completion of the sale, the director now owns 32,834 shares in the company, valued at $476,093. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Verition Fund Management LLC acquired a new position in American Outdoor Brands in the second quarter valued at approximately $133,000. Fisher Asset Management LLC acquired a new position in American Outdoor Brands in the second quarter valued at approximately $153,000. Dynamic Technology Lab Private Ltd acquired a new position in American Outdoor Brands in the first quarter valued at approximately $158,000. GSA Capital Partners LLP acquired a new position in American Outdoor Brands in the first quarter valued at approximately $186,000. Finally, Monarch Partners Asset Management LLC acquired a new position in American Outdoor Brands in the second quarter valued at approximately $281,000. 62.81% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:AOBC opened at $14.63 on Friday. The stock has a market cap of $844.66 million, a PE ratio of 31.24 and a beta of -0.11. The company has a current ratio of 2.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95.
American Outdoor Brands Company Profile
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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