American Outdoor Brands (NASDAQ:AOBC) issued its quarterly earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06, Briefing.com reports. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. The company had revenue of $161.70 million for the quarter, compared to analyst estimates of $154.67 million. During the same quarter last year, the company posted $0.11 EPS. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year.
Shares of AOBC stock opened at $12.21 on Friday. The firm has a market cap of $642.88 million, a P/E ratio of 26.54 and a beta of 0.08. American Outdoor Brands has a twelve month low of $8.32 and a twelve month high of $15.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60.
AOBC has been the topic of several recent analyst reports. 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 research note on Tuesday, August 21st. BidaskClub upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Craig Hallum lowered American Outdoor Brands from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $13.00 in a research note on Thursday, November 1st. Finally, Wedbush set a $15.00 price target on American Outdoor Brands and gave the company a “buy” rating in a research note on Saturday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.66.
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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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