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.
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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