American Outdoor Brands (NASDAQ:AOBC) Issues Quarterly Earnings Results

American Outdoor Brands (NASDAQ:AOBC) posted its quarterly earnings results on Thursday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05), Briefing.com reports. The business had revenue of $123.67 million during the quarter, compared to analysts’ expectations of $126.58 million. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The firm’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS.

NASDAQ AOBC opened at $6.20 on Friday. The firm has a market capitalization of $402.93 million, a P/E ratio of 7.47 and a beta of 0.11. American Outdoor Brands has a 1-year low of $7.30 and a 1-year high of $15.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.68 and a quick ratio of 1.21. The business’s 50-day simple moving average is $8.59 and its 200-day simple moving average is $9.52.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOBC. Pearl River Capital LLC lifted its stake in shares of American Outdoor Brands by 196.9% in the 1st 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 in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in shares of American Outdoor Brands in the 2nd quarter valued at about $114,000. AMP Capital Investors Ltd acquired a new position in shares of American Outdoor Brands in the 2nd quarter valued at about $120,000. Jane Street Group LLC lifted its position in American Outdoor Brands by 80.3% during the 2nd quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock worth $131,000 after acquiring an additional 6,455 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in American Outdoor Brands during the 2nd quarter worth approximately $135,000. 64.64% of the stock is currently owned by institutional investors and hedge funds.

AOBC has been the topic of several research analyst reports. Zacks Investment Research raised American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Monday, July 22nd. Lake Street Capital reduced their price objective on American Outdoor Brands from $17.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday. Wedbush set a $10.00 price objective on American Outdoor Brands and gave the company a “hold” rating in a research note on Wednesday, May 22nd. BidaskClub lowered American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Finally, Cowen reaffirmed a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a research note on Wednesday, June 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.00.

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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