Analysts Anticipate American Outdoor Brands Corp (AOBC) Will Announce Quarterly Sales of $175.30 Million

Analysts expect that American Outdoor Brands Corp (NASDAQ:AOBC) will announce $175.30 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for American Outdoor Brands’ earnings, with estimates ranging from $170.30 million to $177.80 million. American Outdoor Brands reported sales of $233.52 million in the same quarter last year, which indicates a negative year-over-year growth rate of 24.9%. The business is expected to report its next quarterly earnings results on Thursday, March 1st.

On average, analysts expect that American Outdoor Brands will report full-year sales of $175.30 million for the current financial year, with estimates ranging from $652.50 million to $660.00 million. For the next financial year, analysts expect that the company will post sales of $693.17 million per share, with estimates ranging from $667.70 million to $719.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.04. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%. The business had revenue of $148.40 million during the quarter, compared to the consensus estimate of $142.10 million. The firm’s quarterly revenue was down 36.5% compared to the same quarter last year.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Thursday, December 14th. Forward View downgraded shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Sunday, December 10th. Ifs Securities upgraded shares of American Outdoor Brands from an “outperform” rating to a “strong-buy” rating in a report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital restated a “hold” rating and set a $11.00 price objective (down previously from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Finally, Craig Hallum dropped their target price on American Outdoor Brands from $17.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, December 8th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. American Outdoor Brands has an average rating of “Buy” and an average target price of $18.80.

In related news, Director Robert H. Brust sold 3,802 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the sale, the director now owns 8,526 shares in the company, valued at $119,108.22. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.31% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in American Outdoor Brands by 11.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 49,513 shares of the company’s stock worth $755,000 after purchasing an additional 5,176 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in American Outdoor Brands by 260.4% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 17,297 shares of the company’s stock worth $264,000 after purchasing an additional 12,497 shares in the last quarter. Royce & Associates LP boosted its position in American Outdoor Brands by 13.4% in the 3rd quarter. Royce & Associates LP now owns 340,665 shares of the company’s stock worth $5,195,000 after purchasing an additional 40,300 shares in the last quarter. Stifel Financial Corp boosted its position in American Outdoor Brands by 7.0% in the 3rd quarter. Stifel Financial Corp now owns 158,073 shares of the company’s stock worth $2,504,000 after purchasing an additional 10,326 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in American Outdoor Brands by 5.4% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 364,298 shares of the company’s stock worth $5,556,000 after purchasing an additional 18,563 shares in the last quarter. Hedge funds and other institutional investors own 71.44% of the company’s stock.

American Outdoor Brands (NASDAQ:AOBC) traded up $0.25 on Friday, hitting $12.15. 1,031,700 shares of the stock traded hands, compared to its average volume of 1,616,875. American Outdoor Brands has a 12-month low of $11.70 and a 12-month high of $24.49. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $655.86, a P/E ratio of 11.25, a P/E/G ratio of 1.36 and a beta of -0.15.

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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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