Outdoor (NASDAQ:POWW) Releases Earnings Results, Beats Expectations By $0.06 EPS

Outdoor (NASDAQ:POWW) issued its quarterly earnings data on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.06, Zacks reports.

Outdoor Stock Up 11.7%

Shares of Outdoor stock opened at $1.82 on Monday. Outdoor has a 1-year low of $0.95 and a 1-year high of $2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.28 and a quick ratio of 3.28. The company has a market capitalization of $213.14 million, a PE ratio of -5.69 and a beta of 1.20. The business has a 50-day moving average of $1.51 and a 200-day moving average of $1.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Outdoor from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research upgraded Outdoor from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Outdoor in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.00.

Institutional Trading of Outdoor

Several institutional investors have recently added to or reduced their stakes in POWW. AQR Capital Management LLC acquired a new position in shares of Outdoor in the 1st quarter valued at about $29,000. Jane Street Group LLC boosted its stake in Outdoor by 114.4% in the first quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock valued at $205,000 after acquiring an additional 79,416 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Outdoor during the first quarter valued at approximately $214,000. Focus Partners Wealth lifted its holdings in shares of Outdoor by 2.5% in the 1st quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock worth $753,000 after purchasing an additional 13,130 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Outdoor by 7.4% during the 1st quarter. Empowered Funds LLC now owns 645,302 shares of the company’s stock valued at $891,000 after purchasing an additional 44,545 shares during the period. Institutional investors own 26.40% of the company’s stock.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms.