Analysts predict that American Outdoor Brands Corp (NASDAQ:AOBC) will post $153.75 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Outdoor Brands’ earnings, with estimates ranging from $150.50 million to $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 expected to report its next earnings results on Thursday, December 6th.
According to Zacks, analysts expect that American Outdoor Brands will report full-year sales of $630.55 million for the current year, with estimates ranging from $622.10 million to $639.00 million. For the next financial year, analysts expect that the firm will post sales of $666.10 million, with estimates ranging from $653.20 million to $679.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results on Thursday, August 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.09. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%. The business had revenue of $138.83 million for the quarter, compared to analysts’ expectations of $138.00 million.
AOBC has been the topic of several recent analyst reports. BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. ValuEngine upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Craig Hallum cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $13.00 in a research note on Thursday, November 1st. Finally, Wedbush set a $15.00 price target on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Saturday, September 1st. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. American Outdoor Brands presently has an average rating of “Buy” and an average price target of $14.60.
NASDAQ AOBC traded down $0.08 on Wednesday, hitting $13.52. The stock had a trading volume of 473,599 shares, compared to its average volume of 1,110,470. American Outdoor Brands has a 52-week low of $8.32 and a 52-week high of $15.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. The stock has a market capitalization of $751.66 million, a PE ratio of 29.39 and a beta of 0.14.
In other news, Director John B. Furman sold 10,000 shares of the stock in a transaction 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 transaction, the director now owns 32,834 shares of the company’s stock, valued at approximately $476,093. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Brust purchased 4,240 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was bought at an average cost of $14.83 per share, for a total transaction of $62,879.20. Following the acquisition, the director now directly owns 12,366 shares in the company, valued at $183,387.78. The disclosure for this purchase can be found here. 2.47% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Verition Fund Management LLC bought a new position in shares of American Outdoor Brands in the 2nd quarter worth $133,000. Public Employees Retirement Association of Colorado increased its holdings in shares of American Outdoor Brands by 308.3% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock worth $172,000 after buying an additional 8,376 shares during the last quarter. Fisher Asset Management LLC bought a new position in shares of American Outdoor Brands in the 2nd quarter worth $153,000. Stone Ridge Asset Management LLC bought a new position in shares of American Outdoor Brands in the 3rd quarter worth $206,000. Finally, Victory Capital Management Inc. bought a new position in shares of American Outdoor Brands in the 3rd quarter worth $217,000. 63.10% of the stock is currently owned by hedge funds and other institutional investors.
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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