American Outdoor Brands (NASDAQ:AOBC) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.09-0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $155-165 million, compared to the consensus revenue estimate of $157.75 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.
Several equities research analysts recently commented on the stock. Cowen reiterated a hold rating and set a $12.00 target price on shares of American Outdoor Brands in a research report on Friday. Zacks Investment Research downgraded shares of American Outdoor Brands from a buy rating to a hold rating in a research report on Wednesday, August 22nd. BidaskClub upgraded shares of American Outdoor Brands from a sell rating to a hold rating in a research report on Thursday, August 30th. ValuEngine downgraded shares of American Outdoor Brands from a buy rating to a hold rating in a research report on Friday, November 30th. Finally, Lake Street Capital reiterated a buy rating and set a $17.00 target price on shares of American Outdoor Brands in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $14.66.
NASDAQ:AOBC traded up $2.20 during mid-day trading on Friday, hitting $14.41. 146,800 shares of the company’s stock were exchanged, compared to its average volume of 628,351. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $15.95. The company has a market cap of $642.88 million, a PE ratio of 31.74 and a beta of 0.08.
American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%. The business had revenue of $161.70 million for the quarter, compared to the consensus estimate of $154.67 million. During the same period last year, the company earned $0.11 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts expect that American Outdoor Brands will post 0.64 EPS for the current year.
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About American Outdoor Brands
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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