Analysts forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will report $175.30 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for American Outdoor Brands’ earnings. The highest sales estimate is $177.80 million and the lowest is $170.30 million. American Outdoor Brands reported sales of $233.52 million during the same quarter last year, which indicates a negative year over year growth rate of 24.9%. The company is expected to issue its next quarterly earnings results on Thursday, March 1st.
According to Zacks, analysts expect that American Outdoor Brands will report full-year sales of $175.30 million for the current fiscal year, with estimates ranging from $652.50 million to $660.00 million. For the next year, analysts expect that the business will report sales of $693.17 million per share, with estimates ranging from $667.70 million to $719.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm had revenue of $148.40 million for the quarter, compared to analyst estimates of $142.10 million. The company’s revenue for the quarter was down 36.5% compared to the same quarter last year.
Shares of American Outdoor Brands (AOBC) opened at $10.74 on Thursday. American Outdoor Brands has a 52-week low of $9.82 and a 52-week high of $24.49. The company has a market capitalization of $550.34, a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.12 and a beta of -0.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93.
In other news, Director Robert H. Brust sold 3,802 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the transaction, the director now directly owns 8,526 shares of the company’s stock, valued at approximately $119,108.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.31% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in AOBC. Luminus Management LLC lifted its stake in shares of American Outdoor Brands by 175.6% in the 4th quarter. Luminus Management LLC now owns 1,273,160 shares of the company’s stock valued at $16,347,000 after purchasing an additional 811,160 shares during the period. BlackRock Inc. lifted its stake in shares of American Outdoor Brands by 9.1% in the 4th quarter. BlackRock Inc. now owns 6,012,767 shares of the company’s stock valued at $77,204,000 after purchasing an additional 502,638 shares during the period. SG Americas Securities LLC lifted its stake in shares of American Outdoor Brands by 356.4% in the 3rd 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. lifted its stake in shares of American Outdoor Brands by 266.0% in the 3rd 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, Archer Capital Management L.P. acquired a new position in shares of American Outdoor Brands in the 4th quarter valued at about $1,926,000. 71.28% of the stock is currently owned by institutional investors.
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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.
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