Wall Street brokerages expect that American Outdoor Brands Corp (NASDAQ:AOBC) will report sales of $127.20 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Outdoor Brands’ earnings, with the lowest sales estimate coming in at $124.00 million and the highest estimate coming in at $130.40 million. American Outdoor Brands reported sales of $138.83 million in the same quarter last year, which indicates a negative year over year growth rate of 8.4%. The firm is expected to announce its next quarterly earnings results on Thursday, August 29th.
On average, analysts expect that American Outdoor Brands will report full year sales of $641.05 million for the current year, with estimates ranging from $635.10 million to $647.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $665.80 million, with estimates ranging from $664.80 million to $666.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for American Outdoor Brands.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings data on Wednesday, June 19th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. American Outdoor Brands had a return on equity of 10.55% and a net margin of 2.88%. The company had revenue of $175.73 million during the quarter, compared to analysts’ expectations of $168.99 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis.
In related news, Director Michael F. Golden sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $10.01, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $10.01, for a total value of $200,200.00. Following the completion of the sale, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The disclosure for this sale can be found here. Insiders own 2.47% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in American Outdoor Brands by 8.5% during the 4th quarter. BlackRock Inc. now owns 7,107,511 shares of the company’s stock worth $91,403,000 after acquiring an additional 556,464 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in American Outdoor Brands by 18.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 32,060 shares of the company’s stock worth $412,000 after purchasing an additional 5,080 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in American Outdoor Brands by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,538,240 shares of the company’s stock worth $58,361,000 after purchasing an additional 442,078 shares during the last quarter. Captrust Financial Advisors purchased a new stake in American Outdoor Brands during the 4th quarter worth approximately $29,000. Finally, Geode Capital Management LLC increased its holdings in American Outdoor Brands by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 609,599 shares of the company’s stock worth $7,839,000 after purchasing an additional 37,567 shares during the last quarter. Institutional investors and hedge funds own 66.63% of the company’s stock.
Shares of NASDAQ:AOBC traded down $0.02 during trading on Wednesday, reaching $9.37. 535,663 shares of the stock were exchanged, compared to its average volume of 745,762. American Outdoor Brands has a 12 month low of $8.19 and a 12 month high of $15.95. The company has a market cap of $514.57 million, a price-to-earnings ratio of 11.29 and a beta of 0.15. The company’s 50-day moving average is $8.89. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.21 and a current ratio of 2.68.
About American Outdoor Brands
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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