American Outdoor Brands Corp (AOBC) Expected to Post Quarterly Sales of $153.75 Million

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Brokerages forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will report $153.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Outdoor Brands’ earnings, with the highest sales estimate coming in at $157.00 million and the lowest estimate coming in at $150.50 million. American Outdoor Brands reported sales of $148.43 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The company is scheduled to report its next earnings results on Thursday, December 6th.

According to Zacks, analysts expect that American Outdoor Brands will report full-year sales of $630.55 million for the current year, with estimates ranging from $622.10 million to $639.00 million. For the next year, analysts expect that the company will post sales of $666.10 million, with estimates ranging from $653.20 million to $679.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, August 30th. The company reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09. The firm had revenue of $138.83 million for the quarter, compared to analysts’ expectations of $138.00 million. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, September 6th. BidaskClub upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Wedbush set a $15.00 price target on shares of American Outdoor Brands and gave the company a “buy” rating in a research note on Saturday, September 1st. ValuEngine cut shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Saturday, July 28th. Finally, Craig Hallum cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating and dropped their price target for the company from $15.00 to $13.00 in a research note on Thursday, November 1st. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.60.

AOBC traded down $0.08 during midday trading on Wednesday, reaching $13.52. The company had a trading volume of 473,599 shares, compared to its average volume of 1,110,470. The stock has a market cap of $751.66 million, a price-to-earnings ratio of 29.39 and a beta of 0.14. The company has a quick ratio of 0.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.44. American Outdoor Brands has a 12-month low of $8.32 and a 12-month high of $15.95.

In other news, Director Robert H. Brust bought 4,240 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were acquired at an average price of $14.83 per share, with a total value of $62,879.20. Following the acquisition, the director now owns 12,366 shares of the company’s stock, valued at approximately $183,387.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total transaction of $145,000.00. Following the sale, the director now directly owns 32,834 shares in the company, valued at approximately $476,093. The disclosure for this sale can be found here. Corporate insiders own 2.47% of the company’s stock.

A number of institutional investors have recently bought and sold shares of AOBC. Dynamic Technology Lab Private Ltd bought a new stake in American Outdoor Brands during the 1st quarter worth approximately $158,000. Fisher Asset Management LLC bought a new stake in American Outdoor Brands during the 2nd quarter worth approximately $153,000. Unison Advisors LLC bought a new stake in American Outdoor Brands during the 2nd quarter worth approximately $282,000. Cornerstone Wealth Management LLC bought a new stake in American Outdoor Brands during the 2nd quarter worth approximately $2,118,000. Finally, Alps Advisors Inc. bought a new stake in American Outdoor Brands during the 2nd quarter worth approximately $431,000. 63.10% of the stock is currently owned by institutional investors and hedge funds.

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 and Estimates for American Outdoor Brands (NASDAQ:AOBC)

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