Outdoor (NASDAQ:POWW) Releases Earnings Results

Outdoor (NASDAQ:POWW) announced its quarterly earnings data on Monday. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01, FiscalAI reports. The company had revenue of $13.89 million during the quarter, compared to the consensus estimate of $12.70 million. Outdoor had a negative net margin of 161.16% and a negative return on equity of 8.65%.

Outdoor Price Performance

Outdoor stock opened at $2.14 on Monday. Outdoor has a 1-year low of $1.08 and a 1-year high of $2.23. The firm has a 50 day simple moving average of $2.03 and a 200 day simple moving average of $1.95. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $251.00 million, a price-to-earnings ratio of 53.50 and a beta of 1.05.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Outdoor in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Barclays PLC increased its stake in Outdoor by 10.6% in the fourth quarter. Barclays PLC now owns 135,012 shares of the company’s stock valued at $231,000 after acquiring an additional 12,952 shares during the last quarter. Wells Fargo & Company MN lifted its position in Outdoor by 29.8% in the 4th quarter. Wells Fargo & Company MN now owns 118,731 shares of the company’s stock worth $203,000 after buying an additional 27,239 shares during the last quarter. Deutsche Bank AG bought a new position in Outdoor during the fourth quarter valued at approximately $108,000. Goldman Sachs Group Inc. raised its position in Outdoor by 263.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 198,107 shares of the company’s stock worth $339,000 after purchasing an additional 143,629 shares during the period. Finally, Raymond James Financial Inc. grew its position in Outdoor by 246.0% during the 3rd quarter. Raymond James Financial Inc. now owns 69,587 shares of the company’s stock worth $103,000 after acquiring an additional 49,477 shares during the last quarter. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.