American Outdoor Brands (AOBC) Posts Earnings Results, Beats Expectations By $0.04 EPS
American Outdoor Brands (NASDAQ:AOBC) posted its quarterly earnings results on Thursday. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04, Bloomberg Earnings reports. The business had revenue of $148.40 million during the quarter, compared to analyst estimates of $142.10 million. American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The firm’s revenue for the quarter was down 36.5% compared to the same quarter last year. American Outdoor Brands updated its Q3 guidance to $0.07-0.10 EPS and its FY18 guidance to $0.57-0.67 EPS.
American Outdoor Brands (AOBC) opened at $14.93 on Friday. The company has a market capitalization of $768.98, a price-to-earnings ratio of 7.38, a P/E/G ratio of 0.88 and a beta of -0.13. The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.41. American Outdoor Brands has a twelve month low of $12.87 and a twelve month high of $24.49.
A number of research analysts recently commented on AOBC shares. Aegis restated a “buy” rating and set a $25.00 price target on shares of American Outdoor Brands in a research note on Monday, August 21st. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Ifs Securities initiated coverage on American Outdoor Brands in a research note on Friday, September 1st. They set an “outperform” rating and a $21.00 price target on the stock. Zacks Investment Research cut American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Finally, Cowen restated a “buy” rating and set a $19.00 price target (down from $27.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.37.
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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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