American Outdoor Brands (NASDAQ:AOBC) updated its second quarter earnings guidance on Thursday. 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 $0.20. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $162.58 million.American Outdoor Brands also updated its FY 2020 guidance to $0.70-0.78 EPS.
Several equities research analysts have recently issued reports on the company. Wedbush decreased their target price on American Outdoor Brands from $10.00 to $6.50 and set a neutral rating for the company in a research report on Friday. Cowen reiterated a hold rating and set a $12.00 price target on shares of American Outdoor Brands in a research note on Wednesday, June 19th. Lake Street Capital reiterated a buy rating and set a $14.00 price target (down previously from $17.00) on shares of American Outdoor Brands in a research note on Friday. BidaskClub downgraded American Outdoor Brands from a sell rating to a strong sell rating in a research note on Wednesday. Finally, Craig Hallum cut their price target on American Outdoor Brands from $13.00 to $10.00 and set a hold rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $10.70.
Shares of AOBC stock traded down $1.67 on Friday, hitting $6.01. 7,472,326 shares of the stock were exchanged, compared to its average volume of 675,747. The company has a current ratio of 2.68, a quick ratio of 1.21 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $408.41 million, a PE ratio of 8.98 and a beta of 0.11. American Outdoor Brands has a one year low of $5.93 and a one year high of $15.95. The firm’s 50 day moving average is $8.53 and its two-hundred day moving average is $9.49.
American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, August 29th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.05). The firm had revenue of $123.67 million for the quarter, compared to the consensus estimate of $126.58 million. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The firm’s revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS. On average, sell-side analysts expect that American Outdoor Brands will post 0.83 earnings per share for the current year.
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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