Zacks: Brokerages Expect American Outdoor Brands Corp (NASDAQ:AOBC) Will Post Earnings of $0.07 Per Share

Brokerages expect American Outdoor Brands Corp (NASDAQ:AOBC) to report $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Outdoor Brands’ earnings, with the highest EPS estimate coming in at $0.10 and the lowest estimate coming in at $0.05. American Outdoor Brands posted earnings per share of $0.21 during the same quarter last year, which would indicate a negative year-over-year growth rate of 66.7%. The firm is expected to announce its next quarterly earnings report on Thursday, August 29th.

According to Zacks, analysts expect that American Outdoor Brands will report full year earnings of $0.81 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $0.85. For the next fiscal year, analysts forecast that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.84 to $1.07. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The company had revenue of $175.73 million during the quarter, compared to the consensus estimate of $168.99 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 2.2% on a year-over-year basis.

Several equities research analysts have recently commented on AOBC shares. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Wedbush set a $190.00 price target on shares of Home Depot and gave the stock a “hold” rating in a research report on Wednesday, May 22nd. ValuEngine cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Cowen reiterated a “hold” rating and set a $12.00 price target on shares of American Outdoor Brands in a research report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. American Outdoor Brands currently has an average rating of “Hold” and an average price target of $12.40.

Shares of NASDAQ:AOBC traded down $0.11 during trading on Monday, hitting $9.39. 336,910 shares of the company’s stock were exchanged, compared to its average volume of 747,284. American Outdoor Brands has a 1-year low of $8.19 and a 1-year high of $15.95. The company’s 50-day moving average is $8.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 2.68. The company has a market capitalization of $514.59 million, a price-to-earnings ratio of 11.31 and a beta of 0.15.

In related news, Director Michael F. Golden sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $10.01, for a total transaction of $180,180.00. Following the completion of the transaction, the director now owns 256,432 shares in the company, valued at $2,566,884.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $10.01, for a total transaction of $200,200.00. Following the transaction, the director now owns 256,432 shares of the company’s stock, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. 2.47% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC grew its holdings in American Outdoor Brands by 3.2% during the first quarter. Cetera Advisor Networks LLC now owns 34,686 shares of the company’s stock valued at $326,000 after purchasing an additional 1,086 shares during the period. Captrust Financial Advisors acquired a new position in American Outdoor Brands during the fourth quarter valued at approximately $29,000. Pearl River Capital LLC grew its holdings in American Outdoor Brands by 196.9% during the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock valued at $44,000 after purchasing an additional 3,150 shares during the period. Commonwealth Equity Services LLC grew its holdings in American Outdoor Brands by 18.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 32,060 shares of the company’s stock valued at $412,000 after purchasing an additional 5,080 shares during the period. Finally, Bank of Montreal Can grew its holdings in American Outdoor Brands by 1.5% during the first quarter. Bank of Montreal Can now owns 764,409 shares of the company’s stock valued at $7,140,000 after purchasing an additional 11,112 shares during the period. Hedge funds and other institutional investors own 66.63% of the company’s stock.

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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Earnings History and Estimates for American Outdoor Brands (NASDAQ:AOBC)

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