Analysts expect that American Outdoor Brands Corporation (NASDAQ:AOBC) will post sales of $147.55 million for the current quarter, Zacks reports. Four analysts have made estimates for American Outdoor Brands Corporation’s earnings, with the highest sales estimate coming in at $151.10 million and the lowest estimate coming in at $143.60 million. American Outdoor Brands Corporation posted sales of $206.95 million during the same quarter last year, which suggests a negative year over year growth rate of 28.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, September 7th.

On average, analysts expect that American Outdoor Brands Corporation will report full-year sales of $147.55 million for the current financial year, with estimates ranging from $764.70 million to $803.30 million. For the next fiscal year, analysts anticipate that the firm will report sales of $880.40 million per share, with estimates ranging from $850.50 million to $910.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, June 29th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The business had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year.

AOBC has been the topic of a number of recent research reports. Vetr raised shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $22.98 price objective on the stock in a research note on Monday, May 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 price objective on shares of American Outdoor Brands Corporation in a research note on Friday, June 30th. Zacks Investment Research raised shares of American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. ValuEngine lowered shares of American Outdoor Brands Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, Wunderlich reaffirmed a “hold” rating and issued a $22.00 price objective on shares of American Outdoor Brands Corporation in a research note on Friday, June 23rd. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands Corporation currently has an average rating of “Hold” and a consensus target price of $23.34.

In related news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $24.00, for a total transaction of $240,000.00. Following the transaction, the director now directly owns 57,448 shares of the company’s stock, valued at $1,378,752. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AOBC. Great West Life Assurance Co. Can purchased a new position in American Outdoor Brands Corporation during the first quarter worth $105,000. Envestnet Asset Management Inc. purchased a new position in American Outdoor Brands Corporation during the first quarter worth $107,000. O Shaughnessy Asset Management LLC purchased a new position in American Outdoor Brands Corporation during the first quarter worth $108,000. Tower Research Capital LLC TRC purchased a new position in American Outdoor Brands Corporation during the second quarter worth $108,000. Finally, PNC Financial Services Group Inc. purchased a new position in American Outdoor Brands Corporation during the first quarter worth $110,000. 71.08% of the stock is currently owned by institutional investors.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at 18.40 on Thursday. The firm has a market capitalization of $991.48 million, a price-to-earnings ratio of 8.18 and a beta of 0.01. American Outdoor Brands Corporation has a 52 week low of $17.50 and a 52 week high of $30.16. The firm has a 50-day moving average of $20.77 and a 200 day moving average of $21.06.

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American Outdoor Brands Corporation Company Profile

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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

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