Brokerages forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will announce earnings per share (EPS) of $0.14 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Outdoor Brands’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.16. American Outdoor Brands posted earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 27.3%. The business is scheduled to announce its next quarterly earnings report on Thursday, December 6th.
According to Zacks, analysts expect that American Outdoor Brands will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.62 to $0.71. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.60 to $1.00. Zacks’ earnings per share averages are an average based on a survey of research firms that follow American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, August 30th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. The company had revenue of $138.83 million during the quarter, compared to analysts’ expectations of $138.00 million.
A number of equities research analysts have weighed in on the company. Zacks Investment Research cut American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub cut American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Craig Hallum cut American Outdoor Brands from a “buy” rating to a “hold” rating and reduced their price objective for the company from $15.00 to $13.00 in a research note on Thursday, November 1st. ValuEngine upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Finally, Cowen reiterated a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a research note on Friday, August 31st. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $14.60.
In related news, Director Robert H. Brust purchased 4,240 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was acquired at an average price of $14.83 per share, for a total transaction of $62,879.20. Following the completion of the purchase, the director now directly owns 12,366 shares of the company’s stock, valued at $183,387.78. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total value of $145,000.00. Following the sale, the director now owns 32,834 shares of the company’s stock, valued at approximately $476,093. The disclosure for this sale can be found here. 2.47% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in AOBC. Verition Fund Management LLC purchased a new stake in shares of American Outdoor Brands during the second quarter worth approximately $133,000. Fisher Asset Management LLC acquired a new position in American Outdoor Brands during the second quarter worth $153,000. Dynamic Technology Lab Private Ltd acquired a new position in American Outdoor Brands during the first quarter worth $158,000. Public Employees Retirement Association of Colorado grew its holdings in American Outdoor Brands by 308.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after acquiring an additional 8,376 shares during the period. Finally, Stone Ridge Asset Management LLC acquired a new position in American Outdoor Brands during the third quarter worth $206,000. Institutional investors and hedge funds own 63.10% of the company’s stock.
NASDAQ AOBC traded down $0.08 on Monday, reaching $13.52. The stock had a trading volume of 473,599 shares, compared to its average volume of 1,110,470. 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 12-month low of $8.32 and a 12-month high of $15.95. The stock has a market cap of $751.66 million, a P/E ratio of 29.39 and a beta of 0.14.
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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