Wall Street analysts expect American Outdoor Brands Corp (NASDAQ:AOBC) to report earnings of $0.14 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Outdoor Brands’ earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.16. American Outdoor Brands reported earnings of $0.11 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 27.3%. The firm is expected to issue its next quarterly earnings report on Thursday, December 6th.

According to Zacks, analysts expect that American Outdoor Brands will report full-year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.62 to $0.71. For the next fiscal year, analysts expect that the firm will report earnings of $0.80 per share, with EPS estimates ranging from $0.60 to $1.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, August 30th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.09. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%. The company had revenue of $138.83 million during the quarter, compared to analyst estimates of $138.00 million.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Thursday, September 6th. Cowen lowered shares of American Outdoor Brands from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Thursday, June 21st. Wedbush set a $15.00 price objective on shares of American Outdoor Brands and gave the company a “buy” rating in a research report on Saturday, September 1st. BidaskClub lowered shares of American Outdoor Brands from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 3rd. Finally, ValuEngine lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. American Outdoor Brands has a consensus rating of “Buy” and a consensus target price of $16.14.

In other American Outdoor Brands news, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $14.50, for a total transaction of $145,000.00. Following the completion of the sale, the director now directly owns 32,834 shares of the company’s stock, valued at $476,093. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert H. Brust acquired 4,240 shares of American Outdoor Brands stock in a transaction on Thursday, September 6th. The shares were purchased at an average cost of $14.83 per share, with a total value of $62,879.20. Following the completion of the purchase, the director now directly owns 12,366 shares of the company’s stock, valued at approximately $183,387.78. The disclosure for this purchase can be found here. 2.47% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of AOBC. Millennium Management LLC purchased a new stake in American Outdoor Brands during the second quarter valued at about $16,241,000. BlackRock Inc. lifted its stake in American Outdoor Brands by 13.2% during the first quarter. BlackRock Inc. now owns 6,804,867 shares of the company’s stock valued at $70,226,000 after buying an additional 792,100 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in American Outdoor Brands by 44.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,444,518 shares of the company’s stock valued at $29,409,000 after buying an additional 751,236 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in American Outdoor Brands by 544.5% during the second quarter. Point72 Asset Management L.P. now owns 805,600 shares of the company’s stock valued at $9,691,000 after buying an additional 680,600 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new stake in American Outdoor Brands during the second quarter valued at about $6,755,000. 62.80% of the stock is owned by institutional investors.

Shares of NASDAQ:AOBC traded up $0.12 during trading hours on Friday, hitting $15.34. 823,800 shares of the company’s stock traded hands, compared to its average volume of 1,494,149. American Outdoor Brands has a 52 week low of $8.32 and a 52 week high of $16.90. The company has a current ratio of 2.60, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm has a market cap of $836.50 million, a price-to-earnings ratio of 33.35 and a beta of -0.09.

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

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