Wall Street brokerages forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will announce $165.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Outdoor Brands’ earnings, with the lowest sales estimate coming in at $160.30 million and the highest estimate coming in at $170.10 million. American Outdoor Brands posted sales of $172.03 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4%. The company is scheduled to issue 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 year, with estimates ranging from $623.00 million to $632.60 million. For the next year, analysts forecast that the business will post sales of $649.15 million, with estimates ranging from $645.00 million to $653.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The business had revenue of $162.01 million during the quarter, compared to analyst estimates of $162.55 million. American Outdoor Brands had a net margin of 2.56% and a return on equity of 10.47%.
A number of equities analysts have recently weighed in on AOBC shares. ValuEngine lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub lowered shares of American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research report on Friday, January 25th. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Wedbush dropped their price target on shares of American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a research report on Friday, March 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. American Outdoor Brands has an average rating of “Hold” and an average target price of $13.60.
In related news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. Following the completion of the transaction, the director now owns 78,363 shares of the company’s stock, valued at $724,857.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.47% of the company’s stock.
A number of hedge funds have recently modified their holdings of AOBC. Tibra Equities Europe Ltd acquired a new stake in shares of American Outdoor Brands in the first quarter worth $697,000. Deutsche Bank AG increased its position in shares of American Outdoor Brands by 62.6% in the fourth quarter. Deutsche Bank AG now owns 1,144,341 shares of the company’s stock worth $14,715,000 after acquiring an additional 440,688 shares in the last quarter. Geode Capital Management LLC increased its position in shares of American Outdoor Brands by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 609,599 shares of the company’s stock worth $7,839,000 after acquiring an additional 37,567 shares in the last quarter. Norges Bank acquired a new stake in shares of American Outdoor Brands in the fourth quarter worth $11,304,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of American Outdoor Brands in the fourth quarter worth $668,000. 73.16% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:AOBC remained flat at $$9.75 during trading on Wednesday. 1,284,623 shares of the stock were exchanged, compared to its average volume of 742,301. The company has a current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $531.94 million, a price-to-earnings ratio of 21.20 and a beta of -0.11. American Outdoor Brands has a twelve month low of $9.03 and a twelve month high of $15.95.
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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