American Outdoor Brands (NASDAQ:AOBC) issued an update on its first quarter 2020 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.03-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $120-130 million, compared to the consensus revenue estimate of $141.57 million.American Outdoor Brands also updated its FY 2020 guidance to $0.76-0.84 EPS.
A number of brokerages have recently issued reports on AOBC. Zacks Investment Research raised shares of American Outdoor Brands from a sell rating to a hold rating in a report on Tuesday, May 14th. Wedbush set a $10.00 target price on shares of American Outdoor Brands and gave the stock a hold rating in a report on Wednesday, May 22nd. BidaskClub upgraded shares of American Outdoor Brands from a strong sell rating to a sell rating in a report on Friday, April 5th. ValuEngine cut shares of American Outdoor Brands from a hold rating to a sell rating in a report on Thursday, March 14th. Finally, Cowen reissued a hold rating and set a $12.00 price objective on shares of American Outdoor Brands in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $12.40.
Shares of AOBC opened at $9.44 on Friday. The company has a market cap of $498.66 million, a PE ratio of 11.37 and a beta of 0.08. American Outdoor Brands has a 1 year low of $8.19 and a 1 year high of $15.95. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.22 and a current ratio of 2.94.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The company had revenue of $175.73 million for the quarter, compared to analyst estimates of $168.99 million. American Outdoor Brands had a return on equity of 10.63% and a net margin of 2.88%. American Outdoor Brands’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS. As a group, equities analysts forecast that American Outdoor Brands will post 0.82 EPS for the current fiscal year.
In other news, Director Michael F. Golden sold 20,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.01, for a total value of $200,200.00. Following the completion of the transaction, the director now directly owns 256,432 shares in the company, valued at $2,566,884.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $9.25, for a total value of $92,500.00. Following the completion of the sale, the director now directly owns 78,363 shares in the company, valued at $724,857.75. The disclosure for this sale can be found here. Insiders have sold a total of 48,000 shares of company stock valued at $472,880 over the last 90 days. 2.47% of the stock is currently owned by company insiders.
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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