Wall Street analysts forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will post $168.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Outdoor Brands’ earnings. The lowest sales estimate is $166.60 million and the highest is $170.10 million. American Outdoor Brands reported sales of $172.03 million during the same quarter last year, which indicates a negative year over year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report on Wednesday, June 19th.

According to Zacks, analysts expect that American Outdoor Brands will report full-year sales of $630.90 million for the current fiscal year, with estimates ranging from $629.20 million to $632.60 million. For the next year, analysts forecast that the firm will post sales of $653.15 million, with estimates ranging from $653.00 million to $653.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. American Outdoor Brands had a net margin of 2.56% and a return on equity of 10.47%. The business had revenue of $162.01 million during the quarter, compared to the consensus estimate of $162.55 million.

A number of analysts have weighed in on the company. ValuEngine cut American Outdoor Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Wedbush lowered their target price on shares of American Outdoor Brands from $15.30 to $13.50 and set an “outperform” rating for the company in a report on Friday, March 8th. Finally, BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.40.

Shares of AOBC stock traded up $0.10 during mid-day trading on Friday, reaching $8.46. 7,396 shares of the company were exchanged, compared to its average volume of 567,829. American Outdoor Brands has a fifty-two week low of $8.19 and a fifty-two week high of $15.95. The company has a current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $457.74 million, a P/E ratio of 18.17 and a beta of 0.08.

In related news, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were 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 approximately $2,566,884.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael F. Golden sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $10.01, for a total transaction of $180,180.00. Following the completion of the transaction, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The disclosure for this sale can be found here. Insiders have sold 48,000 shares of company stock valued at $472,880 over the last quarter. Company insiders own 2.47% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisor Networks LLC boosted its holdings in American Outdoor Brands by 3.2% in the first quarter. Cetera Advisor Networks LLC now owns 34,686 shares of the company’s stock worth $326,000 after purchasing an additional 1,086 shares during the period. Captrust Financial Advisors purchased a new stake in shares of American Outdoor Brands in the fourth quarter worth approximately $29,000. The Manufacturers Life Insurance Company raised its stake in shares of American Outdoor Brands by 7.4% in the first quarter. The Manufacturers Life Insurance Company now owns 35,136 shares of the company’s stock worth $328,000 after purchasing an additional 2,412 shares during the last quarter. Swiss National Bank raised its stake in shares of American Outdoor Brands by 3.0% in the first quarter. Swiss National Bank now owns 99,050 shares of the company’s stock worth $925,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Pearl River Capital LLC raised its stake in shares of American Outdoor Brands by 196.9% in the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock worth $44,000 after purchasing an additional 3,150 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

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.

Featured Article: What is a front-end load?

Get a free copy of the Zacks research report on American Outdoor Brands (AOBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Outdoor Brands (NASDAQ:AOBC)

Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.