American Outdoor Brands (NASDAQ:AOBC) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.69-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $625-635 million, compared to the consensus revenue estimate of $624.87 million.American Outdoor Brands also updated its FY19 guidance to $0.69-0.73 EPS.
A number of analysts have recently commented on the company. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Thursday, September 6th. Cowen restated a hold rating and issued a $12.00 price target on shares of American Outdoor Brands in a report on Friday. BidaskClub upgraded American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. Wedbush set a $15.00 price target on American Outdoor Brands and gave the company a buy rating in a report on Saturday, September 1st. Finally, Craig Hallum lowered American Outdoor Brands from a buy rating to a hold rating and cut their price target for the company from $15.00 to $13.00 in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $14.60.
Shares of American Outdoor Brands stock opened at $14.09 on Friday. The stock has a market capitalization of $664.09 million, a PE ratio of 30.63 and a beta of 0.08. American Outdoor Brands has a one year low of $8.32 and a one year high of $15.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The company had revenue of $161.70 million for the quarter, compared to analyst estimates of $154.67 million. American Outdoor Brands had a return on equity of 9.69% and a net margin of 5.30%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts predict that American Outdoor Brands will post 0.64 earnings per share for the current fiscal year.
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About American Outdoor Brands
American Outdoor Brands Corporation designs, manufactures, and sells firearms worldwide. The company's Firearms segment offers handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Gemtech, and Thompson/Center Arms brands.
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