American Outdoor Brands (AOBC) Releases FY19 Earnings Guidance
American Outdoor Brands (NASDAQ:AOBC) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.69-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.65. The company issued revenue guidance of $625-635 million, compared to the consensus revenue estimate of $625.33 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.
A number of research analysts recently commented on the company. ValuEngine upgraded American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, September 11th. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $16.00 price objective on the stock in a report on Thursday, September 6th. BidaskClub upgraded American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. Wedbush set a $15.00 price objective on American Outdoor Brands and gave the company a buy rating in a report on Saturday, September 1st. Finally, Craig Hallum cut American Outdoor Brands from a buy rating to a hold rating and decreased their price objective for the company from $15.00 to $13.00 in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $14.66.
AOBC traded up $0.39 during trading hours on Thursday, reaching $12.21. The company’s stock had a trading volume of 1,751,113 shares, compared to its average volume of 1,371,365. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $15.95. The stock has a market capitalization of $642.88 million, a PE ratio of 26.54 and a beta of 0.08. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60.
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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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