American Outdoor Brands (NASDAQ:AOBC) issued an update on its second quarter 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $0.03-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $162.57 million.American Outdoor Brands also updated its FY 2020 guidance to $0.70-0.78 EPS.
Shares of NASDAQ:AOBC traded down $1.15 during trading hours on Friday, hitting $6.53. 3,837,573 shares of the company’s stock traded hands, compared to its average volume of 679,121. American Outdoor Brands has a 52 week low of $7.30 and a 52 week high of $15.95. 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’s fifty day simple moving average is $8.59 and its two-hundred day simple moving average is $9.52. The company has a market cap of $402.93 million, a price-to-earnings ratio of 7.86 and a beta of 0.11.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.55%. The firm had revenue of $123.67 million for the quarter, compared to analysts’ expectations of $126.58 million. During the same period in the prior year, the company posted $0.21 earnings per share. American Outdoor Brands’s quarterly revenue was down 10.9% compared to the same quarter last year. On average, analysts anticipate that American Outdoor Brands will post 0.83 EPS for the current fiscal year.
AOBC has been the subject of a number of analyst reports. Wedbush set a $10.00 price objective on shares of American Outdoor Brands and gave the company a hold rating in a research note on Wednesday, May 22nd. Cowen reaffirmed a hold rating and set a $12.00 price objective on shares of American Outdoor Brands in a research note on Wednesday, June 19th. Zacks Investment Research raised shares of American Outdoor Brands from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Monday, July 22nd. Lake Street Capital reaffirmed a buy rating and set a $14.00 price objective (down from $17.00) on shares of American Outdoor Brands in a research note on Friday. Finally, ValuEngine lowered shares of American Outdoor Brands from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $12.00.
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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