American Outdoor Brands (NASDAQ:AOBC) Updates Q1 Earnings Guidance

American Outdoor Brands (NASDAQ:AOBC) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.03-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $120-130 million, compared to the consensus revenue estimate of $141.58 million.American Outdoor Brands also updated its FY 2020 guidance to $0.76-0.84 EPS.

American Outdoor Brands stock opened at $9.44 on Friday. The firm 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 current ratio of 2.94, a quick ratio of 1.22 and a debt-to-equity ratio of 0.51. American Outdoor Brands has a 52-week low of $8.19 and a 52-week high of $15.95.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Wednesday, June 19th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.10. The company had revenue of $175.73 million for the quarter, compared to the consensus estimate of $168.99 million. American Outdoor Brands had a net margin of 2.88% and a return on equity of 10.63%. American Outdoor Brands’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. On average, equities research analysts predict that American Outdoor Brands will post 0.82 earnings per share for the current fiscal year.



A number of equities research analysts recently issued reports on AOBC shares. ValuEngine downgraded shares of American Outdoor Brands from a buy rating to a hold rating in a research note on Tuesday, March 5th. Wedbush decreased their price target on shares of American Outdoor Brands from $15.30 to $13.50 and set an outperform rating on the stock in a research note on Friday, March 8th. BidaskClub downgraded shares of American Outdoor Brands from a sell rating to a strong sell rating in a research note on Wednesday, March 13th. Finally, Zacks Investment Research downgraded shares of American Outdoor Brands from a hold rating to a sell rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $12.40.

In other American Outdoor Brands news, Director Michael F. Golden sold 18,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $10.01, for a total transaction of $180,180.00. Following the transaction, the director now directly owns 256,432 shares in the company, valued at approximately $2,566,884.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael F. Golden sold 20,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $10.01, for a total transaction of $200,200.00. Following the transaction, the director now owns 256,432 shares in the company, valued at $2,566,884.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,000 shares of company stock worth $472,880. Company insiders own 2.47% of the company’s stock.

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 and Estimates for American Outdoor Brands (NASDAQ:AOBC)

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