American Outdoor Brands Corporation (AOBC) Posts Earnings Results, Misses Expectations By $0.09 EPS
American Outdoor Brands Corporation (NASDAQ:AOBC) posted its earnings results on Thursday. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.09, Briefing.com reports. The firm had revenue of $129.02 million for the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The firm’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. American Outdoor Brands Corporation updated its Q2 guidance to $0.07-0.12 EPS and its FY18 guidance to $1.04-1.24 EPS.
American Outdoor Brands Corporation (NASDAQ:AOBC) remained flat at $16.94 during trading on Thursday. The company had a trading volume of 2,043,801 shares. The stock’s 50 day moving average is $19.03 and its 200 day moving average is $20.82. American Outdoor Brands Corporation has a 12-month low of $16.00 and a 12-month high of $29.25. The stock has a market cap of $912.81 million, a PE ratio of 7.53 and a beta of 0.11.
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AOBC has been the topic of several recent research reports. Vetr upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $23.59 price target on the stock in a research report on Wednesday, May 10th. Aegis restated 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. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Wednesday, July 5th. Finally, Zacks Investment Research upgraded American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.30.
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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