$141.83 Million in Sales Expected for American Outdoor Brands Corporation (AOBC) This Quarter

Brokerages forecast that American Outdoor Brands Corporation (NASDAQ:AOBC) will report sales of $141.83 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for American Outdoor Brands Corporation’s earnings, with the highest sales estimate coming in at $142.90 million and the lowest estimate coming in at $140.50 million. American Outdoor Brands Corporation reported sales of $233.53 million during the same quarter last year, which indicates a negative year-over-year growth rate of 39.3%. The company is expected to announce its next earnings results on Thursday, December 7th.

On average, analysts expect that American Outdoor Brands Corporation will report full year sales of $141.83 million for the current fiscal year, with estimates ranging from $701.70 million to $724.20 million. For the next year, analysts expect that the business will post sales of $775.55 million per share, with estimates ranging from $769.90 million to $781.20 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for American Outdoor Brands Corporation.

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

AOBC has been the topic of several research analyst reports. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research downgraded American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. 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. Jefferies Group LLC restated a “hold” rating and set a $17.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Finally, Vetr upgraded 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, August 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. American Outdoor Brands Corporation presently has an average rating of “Hold” and a consensus price target of $19.68.

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American Outdoor Brands Corporation (NASDAQ AOBC) traded down $0.26 during mid-day trading on Tuesday, hitting $13.23. The company had a trading volume of 1,051,500 shares, compared to its average volume of 1,413,962. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80. The stock has a market cap of $728.48, a P/E ratio of 6.99, a PEG ratio of 0.80 and a beta of -0.14. American Outdoor Brands Corporation has a 52-week low of $12.87 and a 52-week high of $24.92.

Several hedge funds and other institutional investors have recently made changes to their positions in AOBC. UBS Asset Management Americas Inc. acquired a new stake in shares of American Outdoor Brands Corporation in the 1st quarter valued at about $515,000. Principal Financial Group Inc. purchased a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $1,200,000. Teachers Advisors LLC purchased a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $1,938,000. TIAA CREF Investment Management LLC purchased a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $2,915,000. Finally, PNC Financial Services Group Inc. purchased a new position in shares of American Outdoor Brands Corporation during the 1st quarter worth approximately $110,000. 68.17% of the stock is 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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