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.

A number of research analysts recently issued reports on the company. Lake Street Capital decreased their price objective on American Outdoor Brands from $17.00 to $14.00 and set a “buy” rating for the company in a report on Friday. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Monday, July 22nd. ValuEngine downgraded American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. BidaskClub downgraded American Outdoor Brands from a “sell” rating to a “strong sell” rating in a report on Wednesday. Finally, Wedbush set a $10.00 price objective on American Outdoor Brands and gave the stock a “hold” rating in a report on Wednesday, May 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. American Outdoor Brands has a consensus rating of “Hold” and a consensus price target of $12.00.

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 for American Outdoor Brands (NASDAQ:AOBC)

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