American Outdoor Brands Corp (NASDAQ:AOBC) – Analysts at Wedbush cut their Q2 2019 earnings per share (EPS) estimates for American Outdoor Brands in a research note issued on Monday, December 3rd. Wedbush analyst J. Hardiman now forecasts that the company will earn $0.12 per share for the quarter, down from their previous forecast of $0.14. Wedbush currently has a “Buy” rating and a $15.00 target price on the stock. Wedbush also issued estimates for American Outdoor Brands’ FY2019 earnings at $0.64 EPS and FY2020 earnings at $0.93 EPS.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, December 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business had revenue of $161.70 million during the quarter, compared to the consensus estimate of $154.67 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%. American Outdoor Brands’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share.

A number of other research firms also recently issued reports on AOBC. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Thursday, September 6th. BidaskClub upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. Craig Hallum downgraded American Outdoor Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $13.00 in a report on Thursday, November 1st. Finally, Cowen reiterated a “hold” rating and set a $12.00 price objective on shares of American Outdoor Brands in a report on Friday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. American Outdoor Brands currently has a consensus rating of “Hold” and a consensus price target of $14.60.

NASDAQ:AOBC opened at $14.09 on Thursday. The company has a quick ratio of 0.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.44. The stock has a market cap of $642.88 million, a P/E ratio of 30.63 and a beta of 0.08. American Outdoor Brands has a 52-week low of $8.32 and a 52-week high of $15.95.

Hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. bought a new position in American Outdoor Brands in the second quarter valued at approximately $431,000. Schwab Charles Investment Management Inc. grew its stake in American Outdoor Brands by 16.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock valued at $7,129,000 after purchasing an additional 85,813 shares in the last quarter. Point72 Asset Management L.P. grew its stake in American Outdoor Brands by 544.5% in the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock valued at $9,691,000 after purchasing an additional 680,600 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in American Outdoor Brands in the third quarter valued at approximately $1,713,000. Finally, Raymond James & Associates grew its stake in American Outdoor Brands by 208.1% in the second quarter. Raymond James & Associates now owns 45,724 shares of the company’s stock valued at $550,000 after purchasing an additional 30,881 shares in the last quarter. Hedge funds and other institutional investors own 65.17% of the company’s stock.

About American Outdoor Brands

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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