American Outdoor Brands (AOBC) Updates Q3 Earnings Guidance

American Outdoor Brands (NASDAQ:AOBC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.09-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.09. The company issued revenue guidance of $155-165 million, compared to the consensus revenue estimate of $157.75 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.

Shares of AOBC stock opened at $14.09 on Friday. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95. The firm has a market cap of $664.09 million, a P/E ratio of 30.63 and a beta of 0.08. The company has a current ratio of 2.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44.

American Outdoor Brands (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, December 6th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. American Outdoor Brands had a return on equity of 9.69% and a net margin of 5.30%. The firm had revenue of $161.70 million for the quarter, compared to analyst estimates of $154.67 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. American Outdoor Brands’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts predict that American Outdoor Brands will post 0.64 EPS for the current fiscal year.

Several analysts have weighed in on AOBC shares. BidaskClub raised American Outdoor Brands from a strong sell rating to a sell rating in a report on Tuesday, August 14th. Zacks Investment Research raised American Outdoor Brands from a hold rating to a buy rating and set a $11.00 target price on the stock in a report on Tuesday, August 21st. Cowen restated a hold rating and issued a $12.00 price objective on shares of American Outdoor Brands in a research report on Friday, August 31st. Lake Street Capital restated a buy rating and issued a $17.00 price objective on shares of American Outdoor Brands in a research report on Friday, August 31st. Finally, ValuEngine upgraded American Outdoor Brands from a sell rating to a hold rating in a research report on Saturday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Hold and an average target price of $14.60.

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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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Earnings History and Estimates for American Outdoor Brands (NASDAQ:AOBC)

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