American Outdoor Brands (NASDAQ:AOBC) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.57-0.67 for the period, compared to the Thomson Reuters consensus estimate of $1.10. The company issued revenue guidance of $650-675 million, compared to the consensus revenue estimate of $714.32 million.American Outdoor Brands also updated its Q3 guidance to $0.07-0.10 EPS.

American Outdoor Brands (AOBC) traded down $0.06 during midday trading on Thursday, reaching $14.24. The company had a trading volume of 1,328,000 shares, compared to its average volume of 1,406,683. American Outdoor Brands has a 52 week low of $12.87 and a 52 week high of $24.49. The company has a market cap of $772.22, a P/E ratio of 7.41, a price-to-earnings-growth ratio of 0.89 and a beta of -0.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.09). American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The business had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. American Outdoor Brands’s quarterly revenue was down 37.7% compared to the same quarter last year. equities research analysts anticipate that American Outdoor Brands will post 1.07 EPS for the current year.

Several equities research analysts recently commented on AOBC shares. Ifs Securities started coverage on American Outdoor Brands in a report on Friday, September 1st. They issued an outperform rating and a $21.00 price objective for the company. Zacks Investment Research downgraded American Outdoor Brands from a hold rating to a sell rating in a report on Tuesday, September 5th. Craig Hallum reiterated a hold rating and issued a $17.00 price objective on shares of American Outdoor Brands in a report on Wednesday, September 20th. Jefferies Group reiterated a hold rating and issued a $17.00 price objective (down from $20.00) on shares of American Outdoor Brands in a report on Friday, September 8th. Finally, Lake Street Capital reduced their price objective on American Outdoor Brands from $17.00 to $13.00 and set a hold rating for the company in a report on Friday, September 8th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands currently has a consensus rating of Buy and a consensus price target of $19.68.

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About American Outdoor Brands

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.

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

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