American Outdoor Brands (NASDAQ:AOBC) Issues Earnings Results, Beats Estimates By $0.10 EPS

American Outdoor Brands (NASDAQ:AOBC) released its earnings results on Wednesday. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10, Briefing.com reports. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.63%. The business had revenue of $175.73 million during the quarter, compared to the consensus estimate of $168.99 million. During the same quarter last year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year.

AOBC opened at $9.44 on Friday. The stock has a market cap of $498.66 million, a P/E ratio of 11.37 and a beta of 0.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.94 and a quick ratio of 1.22. American Outdoor Brands has a fifty-two week low of $8.19 and a fifty-two week high of $15.95.

In other news, Director Michael F. Golden sold 20,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.01, for a total value of $200,200.00. Following the sale, the director now directly owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael F. Golden sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $10.01, for a total transaction of $180,180.00. Following the completion of the sale, the director now directly owns 256,432 shares in the company, valued at $2,566,884.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,000 shares of company stock valued at $472,880. 2.47% of the stock is owned by company insiders.



AOBC has been the subject of several research analyst reports. Zacks Investment Research raised shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. BidaskClub upgraded shares of American Outdoor Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 11th. Cowen restated a “hold” rating and issued a $12.00 target price on shares of American Outdoor Brands in a research report on Wednesday. Finally, ValuEngine lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Sunday, March 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.40.

American Outdoor Brands Company Profile

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 for American Outdoor Brands (NASDAQ:AOBC)

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