Outdoor (NASDAQ:POWW) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Outdoor (NASDAQ:POWWGet Free Report) released its quarterly earnings results on Monday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, FiscalAI reports. Outdoor had a negative return on equity of 8.65% and a negative net margin of 161.16%.The business had revenue of $13.89 million during the quarter, compared to the consensus estimate of $12.70 million.

Outdoor Price Performance

POWW stock opened at $2.14 on Monday. The firm has a 50-day moving average price of $2.03 and a 200-day moving average price of $1.95. Outdoor has a 12 month low of $1.08 and a 12 month high of $2.23. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $251.00 million, a P/E ratio of 53.50 and a beta of 1.05.

Institutional Trading of Outdoor

A number of hedge funds have recently added to or reduced their stakes in the stock. Kanen Wealth Management LLC grew its position in shares of Outdoor by 32.2% in the 3rd quarter. Kanen Wealth Management LLC now owns 11,494,006 shares of the company’s stock valued at $16,891,000 after buying an additional 2,802,006 shares during the last quarter. UBS Group AG raised its position in shares of Outdoor by 609.6% during the third quarter. UBS Group AG now owns 532,702 shares of the company’s stock worth $788,000 after acquiring an additional 457,636 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Outdoor by 190.5% in the second quarter. Jane Street Group LLC now owns 432,449 shares of the company’s stock worth $554,000 after acquiring an additional 283,594 shares during the period. Vanguard Group Inc. lifted its stake in shares of Outdoor by 3.4% in the third quarter. Vanguard Group Inc. now owns 5,358,634 shares of the company’s stock worth $7,931,000 after acquiring an additional 175,691 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Outdoor in the first quarter valued at approximately $214,000. Institutional investors and hedge funds own 26.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Outdoor in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Outdoor currently has an average rating of “Hold” and an average price target of $2.40.

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About Outdoor

(Get Free Report)

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. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.

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Earnings History for Outdoor (NASDAQ:POWW)

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