Brokerages forecast that American Outdoor Brands Corporation (NASDAQ:AOBC) will announce $147.55 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for American Outdoor Brands Corporation’s earnings. The lowest sales estimate is $143.60 million and the highest is $151.10 million. American Outdoor Brands Corporation posted sales of $206.95 million during the same quarter last year, which suggests a negative year-over-year growth rate of 28.7%. The company is scheduled to report its next quarterly earnings report on Thursday, September 7th.

On average, analysts expect that American Outdoor Brands Corporation will report full year sales of $147.55 million for the current year, with estimates ranging from $764.70 million to $803.30 million. For the next year, analysts forecast that the business will report sales of $880.40 million per share, with estimates ranging from $850.50 million to $910.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its earnings results on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.19. The firm had revenue of $229.20 million for the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.

A number of equities analysts have weighed in on the company. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target for the company in a report on Monday. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, July 7th. Forward View restated a “hold” rating on shares of American Outdoor Brands Corporation in a report on Wednesday, July 5th. Zacks Investment Research upgraded American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Cowen and Company upped their price target on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Nine equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $23.34.

Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) traded down 1.06% during mid-day trading on Friday, reaching $19.69. 1,082,410 shares of the company traded hands. American Outdoor Brands Corporation has a 52-week low of $17.50 and a 52-week high of $31.19. The company has a market capitalization of $1.06 billion, a P/E ratio of 8.75 and a beta of 0.01. The firm’s 50 day moving average price is $22.13 and its 200-day moving average price is $21.16.

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In related news, Director Robert L. Scott sold 10,000 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total transaction of $240,000.00. Following the completion of the transaction, the director now directly owns 57,448 shares in the company, valued at approximately $1,378,752. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.94% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AOBC. Alps Advisors Inc. boosted its position in American Outdoor Brands Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after buying an additional 65 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in American Outdoor Brands Corporation by 1.8% in the first quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock valued at $512,000 after buying an additional 460 shares during the last quarter. First Manhattan Co. boosted its position in American Outdoor Brands Corporation by 0.7% in the second quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock valued at $1,638,000 after buying an additional 545 shares during the last quarter. Rhumbline Advisers boosted its position in American Outdoor Brands Corporation by 1.7% in the second quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock valued at $1,343,000 after buying an additional 1,000 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in American Outdoor Brands Corporation by 28.0% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 19,200 shares of the company’s stock valued at $425,000 after buying an additional 4,200 shares during the last quarter. Hedge funds and other institutional investors own 71.86% of the company’s stock.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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Earnings History and Estimates for American Outdoor Brands Corporation (NASDAQ:AOBC)

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