American Outdoor Brands Corporation (AOBC) Issues Q2 Earnings Guidance
American Outdoor Brands Corporation (NASDAQ:AOBC) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.07-0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $140-150 million, compared to the consensus revenue estimate of $170.31 million.American Outdoor Brands Corporation also updated its FY18 guidance to $1.04-1.24 EPS.
Several research firms have recently commented on AOBC. Vetr raised American Outdoor Brands Corporation from a buy rating to a strong-buy rating and set a $23.03 price target for the company in a research report on Monday, August 7th. ValuEngine lowered American Outdoor Brands Corporation from a buy rating to a hold rating in a research report on Friday, September 1st. Aegis reissued a buy rating and issued a $25.00 price target on shares of American Outdoor Brands Corporation in a research report on Monday, August 21st. Forward View reissued a hold rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC reissued a hold rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $22.30.
Shares of American Outdoor Brands Corporation (NASDAQ AOBC) remained flat at $16.94 on Thursday. The company’s stock had a trading volume of 2,012,350 shares. American Outdoor Brands Corporation has a 12-month low of $16.00 and a 12-month high of $29.25. The company’s 50 day moving average price is $19.03 and its 200 day moving average price is $20.82. The stock has a market capitalization of $912.81 million, a price-to-earnings ratio of 7.53 and a beta of 0.11.
American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.19. The company had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The business’s revenue was up 3.7% on a year-over-year basis. On average, analysts anticipate that American Outdoor Brands Corporation will post $1.54 earnings per share for the current year.
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About American Outdoor Brands Corporation
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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