Equities analysts forecast that American Outdoor Brands Corporation (NASDAQ:AOBC) will post $142.88 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for American Outdoor Brands Corporation’s earnings, with estimates ranging from $140.50 million to $146.00 million. American Outdoor Brands Corporation posted sales of $233.53 million in the same quarter last year, which would indicate a negative year over year growth rate of 38.8%. The business is scheduled to issue its next earnings results on Thursday, December 7th.

According to Zacks, analysts expect that American Outdoor Brands Corporation will report full-year sales of $142.88 million for the current year, with estimates ranging from $701.70 million to $724.20 million. For the next year, analysts forecast that the company will report sales of $793.10 million per share, with estimates ranging from $769.90 million to $828.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. During the same period last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 37.7% on a year-over-year basis.

A number of analysts recently commented on the stock. Aegis reiterated a “buy” rating and issued a $23.00 target price on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Cowen and Company restated a “buy” rating and set a $19.00 price target (down previously from $27.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a report on Monday, July 24th. Wedbush restated a “neutral” rating and set a $16.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. American Outdoor Brands Corporation currently has an average rating of “Hold” and an average target price of $19.68.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 14.38 on Tuesday. The stock has a market capitalization of $776.53 million, a PE ratio of 8.92 and a beta of -0.02. The stock’s 50 day moving average is $14.83 and its 200-day moving average is $19.51. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its position in American Outdoor Brands Corporation by 72.3% during the third quarter. Victory Capital Management Inc. now owns 9,683 shares of the company’s stock valued at $148,000 after purchasing an additional 4,062 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in American Outdoor Brands Corporation by 70.3% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 32,700 shares of the company’s stock valued at $499,000 after purchasing an additional 13,500 shares in the last quarter. Nationwide Fund Advisors grew its position in American Outdoor Brands Corporation by 83.7% during the third quarter. Nationwide Fund Advisors now owns 58,779 shares of the company’s stock valued at $896,000 after purchasing an additional 26,790 shares in the last quarter. Skylands Capital LLC grew its position in American Outdoor Brands Corporation by 104.2% during the third quarter. Skylands Capital LLC now owns 173,150 shares of the company’s stock valued at $2,641,000 after purchasing an additional 88,350 shares in the last quarter. Finally, Cetera Investment Advisers purchased a new position in American Outdoor Brands Corporation during the second quarter valued at approximately $1,070,000. 71.26% of the stock is currently owned by hedge funds and other institutional investors.

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

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