American Outdoor Brands Corp to Post Q2 2019 Earnings of $0.12 Per Share, Wedbush Forecasts (AOBC)

American Outdoor Brands Corp (NASDAQ:AOBC) – Research analysts at Wedbush cut their Q2 2019 earnings estimates for American Outdoor Brands in a note issued to investors on Monday, December 3rd. Wedbush analyst J. Hardiman now forecasts that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.14. Wedbush currently has a “Outperform” rating and a $15.30 price objective on the stock. Wedbush also issued estimates for American Outdoor Brands’ FY2019 earnings at $0.64 EPS and FY2020 earnings at $0.93 EPS.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $161.70 million for the quarter, compared to the consensus estimate of $154.67 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. American Outdoor Brands’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share.

A number of other brokerages also recently issued reports on AOBC. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th. Cowen reiterated a “hold” rating and set a $12.00 price target on shares of American Outdoor Brands in a research report on Friday, August 31st. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, Lake Street Capital reiterated a “buy” rating and set a $17.00 price target on shares of American Outdoor Brands in a research report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.66.

Shares of AOBC stock opened at $12.21 on Thursday. The company has a market cap of $642.88 million, a price-to-earnings ratio of 26.54 and a beta of 0.08. 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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOBC. Dimensional Fund Advisors LP lifted its position in shares of American Outdoor Brands by 67.6% in the third quarter. Dimensional Fund Advisors LP now owns 4,096,162 shares of the company’s stock valued at $63,613,000 after acquiring an additional 1,651,644 shares in the last quarter. Millennium Management LLC purchased a new position in shares of American Outdoor Brands in the second quarter valued at approximately $16,241,000. Renaissance Technologies LLC purchased a new position in shares of American Outdoor Brands in the third quarter valued at approximately $19,260,000. Point72 Asset Management L.P. lifted its position in shares of American Outdoor Brands by 544.5% in the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock valued at $9,691,000 after acquiring an additional 680,600 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of American Outdoor Brands by 644.8% in the third quarter. Deutsche Bank AG now owns 703,653 shares of the company’s stock valued at $10,926,000 after acquiring an additional 609,178 shares in the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.

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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Earnings History and Estimates for American Outdoor Brands (NASDAQ:AOBC)

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