American Outdoor Brands (NASDAQ:AOBC) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

American Outdoor Brands (NASDAQ:AOBC) issued its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10, Briefing.com reports. The firm had revenue of $175.73 million for the quarter, compared to the consensus estimate of $168.99 million. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share.

AOBC opened at $9.01 on Friday. The firm has a market cap of $517.33 million, a price-to-earnings ratio of 11.37 and a beta of 0.08. American Outdoor Brands has a 52 week low of $8.19 and a 52 week high of $15.95. The company has a current ratio of 2.68, a quick ratio of 1.22 and a debt-to-equity ratio of 0.44.

In other American Outdoor Brands news, Director Robert L. Scott sold 10,000 shares of the 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 sale, the director now owns 78,363 shares of the company’s stock, valued at approximately $724,857.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael F. Golden sold 20,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $10.01, for a total value of $200,200.00. Following the sale, the director now directly owns 256,432 shares in the company, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. Insiders have sold a total of 48,000 shares of company stock worth $472,880 over the last 90 days. 2.47% of the stock is currently owned by company insiders.

Several research analysts have commented on the company. Cowen restated a “hold” rating and set a $12.00 price objective on shares of American Outdoor Brands in a report on Wednesday. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Monday, May 27th. Wedbush set a $10.00 price objective on American Outdoor Brands and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Finally, ValuEngine upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.40.

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 for American Outdoor Brands (NASDAQ:AOBC)

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