American Outdoor Brands (NASDAQ:AOBC) Releases Earnings Results, Misses Estimates By $0.05 EPS
American Outdoor Brands (NASDAQ:AOBC) posted its quarterly earnings data on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.05), Briefing.com reports. 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 quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share.
NASDAQ:AOBC opened at $7.68 on Friday. 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 has a market cap of $402.93 million, a PE ratio of 9.25 and a beta of 0.11. American Outdoor Brands has a 52-week low of $7.30 and a 52-week high of $15.95. The stock has a 50-day simple moving average of $8.59 and a 200 day simple moving average of $9.52.
A number of hedge funds have recently bought and sold shares of AOBC. Pearl River Capital LLC grew its stake in American Outdoor Brands by 196.9% in the first quarter. Pearl River Capital LLC now owns 4,750 shares of the company’s stock valued at $44,000 after purchasing an additional 3,150 shares in the last quarter. Commerzbank Aktiengesellschaft FI bought a new position in American Outdoor Brands in the second quarter valued at approximately $114,000. AMP Capital Investors Ltd bought a new position in American Outdoor Brands in the second quarter valued at approximately $120,000. Jane Street Group LLC grew its stake in American Outdoor Brands by 80.3% in the second quarter. Jane Street Group LLC now owns 14,495 shares of the company’s stock valued at $131,000 after purchasing an additional 6,455 shares in the last quarter. Finally, Teza Capital Management LLC bought a new position in American Outdoor Brands in the second quarter valued at approximately $135,000. Hedge funds and other institutional investors own 64.64% 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.
Recommended Story: Fibonacci Channel
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.