Analysts forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will report sales of $165.20 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for American Outdoor Brands’ earnings. The lowest sales estimate is $160.30 million and the highest is $170.10 million. American Outdoor Brands reported sales of $172.03 million in the same quarter last year, which indicates a negative year over year growth rate of 4%. The company is scheduled to announce its next quarterly earnings report on Wednesday, June 19th.
On average, analysts expect that American Outdoor Brands will report full-year sales of $627.80 million for the current financial year, with estimates ranging from $623.00 million to $632.60 million. For the next fiscal year, analysts expect that the company will report sales of $649.15 million, with estimates ranging from $645.00 million to $653.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, March 7th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. American Outdoor Brands had a return on equity of 10.47% and a net margin of 2.56%. The firm had revenue of $162.01 million during the quarter, compared to analysts’ expectations of $162.55 million.
Several equities research analysts recently commented on AOBC shares. Zacks Investment Research cut American Outdoor Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, February 8th. Wedbush cut their price target on American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a report on Friday, March 8th. BidaskClub cut American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 13th. Finally, ValuEngine cut American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $13.60.
Shares of NASDAQ:AOBC traded down $0.10 during midday trading on Wednesday, hitting $9.65. The company had a trading volume of 563,829 shares, compared to its average volume of 740,344. American Outdoor Brands has a twelve month low of $9.03 and a twelve month high of $15.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 2.94. The stock has a market cap of $523.23 million, a PE ratio of 20.98 and a beta of -0.11.
In other American Outdoor Brands news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $9.25, for a total transaction of $92,500.00. Following the completion of the sale, the director now owns 78,363 shares of the company’s stock, valued at $724,857.75. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.47% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors acquired a new stake in American Outdoor Brands during the fourth quarter worth $29,000. FNY Investment Advisers LLC increased its stake in American Outdoor Brands by 187.2% during the fourth quarter. FNY Investment Advisers LLC now owns 2,892 shares of the company’s stock worth $37,000 after acquiring an additional 1,885 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new stake in American Outdoor Brands during the fourth quarter worth $172,000. Metropolitan Life Insurance Co. NY increased its stake in American Outdoor Brands by 314.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,177 shares of the company’s stock worth $208,000 after acquiring an additional 12,272 shares during the last quarter. Finally, Jefferies Group LLC acquired a new stake in American Outdoor Brands during the third quarter worth $278,000. 73.16% of the stock is owned by 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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