American Outdoor Brands Corp (NASDAQ:AOBC) – Analysts at Wedbush lowered their Q3 2019 earnings per share estimates for American Outdoor Brands in a research report issued to clients and investors on Monday, December 3rd. Wedbush analyst J. Hardiman now expects that the company will earn $0.09 per share for the quarter, down from their prior estimate of $0.12. Wedbush currently has a “Outperform” rating and a $15.30 target price on the stock. Wedbush also issued estimates for American Outdoor Brands’ Q4 2019 earnings at $0.21 EPS.

American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, December 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year.

A number of other equities analysts have also issued reports on AOBC. BidaskClub upgraded American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 14th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, August 21st. Cowen restated a “hold” rating and issued a $12.00 target price on shares of American Outdoor Brands in a research note on Friday, August 31st. Lake Street Capital restated a “buy” rating and issued a $17.00 target price on shares of American Outdoor Brands in a research note on Friday, August 31st. Finally, ValuEngine upgraded American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands presently has an average rating of “Hold” and an average target price of $14.66.

Shares of AOBC opened at $12.21 on Wednesday. The firm has a market cap of $642.88 million, a PE ratio of 26.54 and a beta of 0.08. 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.

Hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new position in American Outdoor Brands in the 2nd quarter worth $133,000. Public Employees Retirement Association of Colorado raised its stake in shares of American Outdoor Brands by 308.3% during the 3rd quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock valued at $172,000 after buying an additional 8,376 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $206,000. Victory Capital Management Inc. purchased a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $217,000. Finally, Jefferies Group LLC purchased a new position in shares of American Outdoor Brands during the 3rd quarter valued at about $278,000. Institutional investors own 65.17% 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.

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

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