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.
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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