American Outdoor Brands (NASDAQ:AOUT) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

American Outdoor Brands (NASDAQ:AOUT) issued its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.08, Briefing.com reports. American Outdoor Brands had a net margin of 6.65% and a return on equity of 11.57%. The company had revenue of $60.77 million during the quarter, compared to the consensus estimate of $58.59 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year.

AOUT stock traded down $0.65 during trading hours on Friday, reaching $25.58. The stock had a trading volume of 6,533 shares, compared to its average volume of 176,706. The stock has a market capitalization of $360.68 million and a PE ratio of 19.75. The stock has a 50-day simple moving average of $28.78 and a 200 day simple moving average of $27.99. American Outdoor Brands has a fifty-two week low of $12.24 and a fifty-two week high of $36.62.

A hedge fund recently bought a new stake in American Outdoor Brands stock. Morgan Stanley purchased a new stake in American Outdoor Brands, Inc. (NASDAQ:AOUT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,227 shares of the company’s stock, valued at approximately $535,000. Morgan Stanley owned about 0.15% of American Outdoor Brands at the end of the most recent reporting period. 67.79% of the stock is currently owned by hedge funds and other institutional investors.

AOUT has been the subject of several recent research reports. Zacks Investment Research cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Wednesday, July 21st. B. Riley restated a “buy” rating and set a $47.00 target price on shares of American Outdoor Brands in a report on Friday. Finally, Lake Street Capital increased their target price on shares of American Outdoor Brands from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, July 16th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $32.29.

About American Outdoor Brands

American Outdoor Brands, Inc provides outdoor products and accessories for rugged outdoor enthusiasts in the United States and internationally. The company offers hunting, fishing, camping, shooting, and personal security and defense products. Its products include shooting supplies, rests, vaults, and other related accessories; premium sportsmen knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; electro-optical devices comprising hunting optics, firearm aiming devices, flashlights, and laser grips; reloading, gunsmithing, and firearm cleaning supplies; and survival, camping, and emergency preparedness products.

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Earnings History for American Outdoor Brands (NASDAQ:AOUT)

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