Equities analysts predict that American Outdoor Brands Corp (NASDAQ:AOBC) will report earnings of $0.07 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for American Outdoor Brands’ earnings, with estimates ranging from $0.04 to $0.08. American Outdoor Brands reported earnings per share of $0.68 during the same quarter last year, which would suggest a negative year-over-year growth rate of 89.7%. The company is scheduled to issue its next earnings report after the market closes on Thursday, December 7th.

According to Zacks, analysts expect that American Outdoor Brands will report full year earnings of $1.07 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.17. For the next fiscal year, analysts forecast that the business will post earnings of $1.72 per share, with EPS estimates ranging from $1.56 to $1.89. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%. The firm’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS.

AOBC has been the topic of several analyst reports. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, September 5th. Ifs Securities initiated coverage on shares of American Outdoor Brands in a research report on Friday, September 1st. They set an “outperform” rating and a $21.00 price target on the stock. Cowen reaffirmed a “buy” rating and set a $19.00 price target (down previously from $27.00) on shares of American Outdoor Brands in a research report on Friday, September 8th. Wedbush reaffirmed a “neutral” rating and set a $16.00 price target (down previously from $20.00) on shares of American Outdoor Brands in a research report on Friday, September 8th. Finally, Lake Street Capital reduced their price target on shares of American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating on the stock in a research report 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 company. American Outdoor Brands presently has a consensus rating of “Buy” and an average price target of $19.68.

Shares of American Outdoor Brands (NASDAQ:AOBC) opened at $14.24 on Thursday. The company has a market cap of $772.22, a P/E ratio of 7.41, a PEG ratio of 0.89 and a beta of -0.13. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. American Outdoor Brands has a 12-month low of $12.87 and a 12-month high of $24.49.

A number of hedge funds and other institutional investors have recently made changes to their positions in AOBC. State of Wisconsin Investment Board purchased a new stake in American Outdoor Brands in the second quarter valued at approximately $8,864,000. Morgan Stanley purchased a new stake in American Outdoor Brands in the first quarter valued at approximately $5,237,000. SG Americas Securities LLC raised its position in American Outdoor Brands by 356.4% in the third quarter. SG Americas Securities LLC now owns 224,077 shares of the company’s stock valued at $3,417,000 after purchasing an additional 174,975 shares during the period. JPMorgan Chase & Co. raised its position in American Outdoor Brands by 266.0% in the third quarter. JPMorgan Chase & Co. now owns 225,046 shares of the company’s stock valued at $3,477,000 after purchasing an additional 163,565 shares during the period. Finally, AHL Partners LLP raised its position in American Outdoor Brands by 72.8% in the second quarter. AHL Partners LLP now owns 354,376 shares of the company’s stock valued at $7,853,000 after purchasing an additional 149,247 shares during the period. 71.59% of the stock is currently owned by institutional investors.

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American Outdoor Brands Company Profile

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 (NASDAQ:AOBC)

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