American Outdoor Brands (AOBC) Releases Q3 Earnings Guidance
American Outdoor Brands (NASDAQ:AOBC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.09-0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of $155-165 million, compared to the consensus revenue estimate of $157.75 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.
American Outdoor Brands stock traded up $0.39 during midday trading on Thursday, hitting $12.21. The company’s stock had a trading volume of 1,751,113 shares, compared to its average volume of 1,371,365. The company has a current ratio of 2.60, a quick ratio of 0.82 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. The stock has a market cap of $642.88 million, a PE ratio of 26.54 and a beta of 0.08.
Several research firms have issued reports on AOBC. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $11.00 price objective on the stock in a report on Tuesday, August 21st. Lake Street Capital restated a buy rating and set a $17.00 price objective on shares of American Outdoor Brands in a report on Friday, August 31st. BidaskClub upgraded American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. ValuEngine upgraded American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, September 11th. Finally, Wedbush set a $15.00 price objective on American Outdoor Brands and gave the stock a buy rating in a report on Saturday, September 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $14.66.
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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