American Outdoor Brands Corp (NASDAQ:AOBC) – Analysts at Wedbush lowered their Q4 2019 earnings estimates for American Outdoor Brands in a research report issued to clients and investors on Wednesday, February 6th. Wedbush analyst J. Hardiman now expects that the company will post earnings per share of $0.19 for the quarter, down from their prior forecast of $0.21. Wedbush has a “Buy” rating and a $15.00 price target on the stock.

American Outdoor Brands (NASDAQ:AOBC) last announced its earnings results on Thursday, December 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $161.70 million for the quarter, compared to the consensus estimate of $154.67 million. American Outdoor Brands had a return on equity of 9.60% and a net margin of 5.30%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.11 EPS.

Several other analysts also recently weighed in on the company. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Monday. BidaskClub downgraded American Outdoor Brands from a “sell” rating to a “strong sell” rating in a research note on Friday, January 25th. Zacks Investment Research raised American Outdoor Brands from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, December 12th. Cowen reissued a “hold” rating and issued a $12.00 price objective on shares of American Outdoor Brands in a research note on Friday, December 7th. Finally, Craig Hallum downgraded American Outdoor Brands from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $15.00 to $13.00 in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. American Outdoor Brands currently has a consensus rating of “Hold” and an average target price of $14.40.

Shares of American Outdoor Brands stock opened at $12.29 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.11 and a current ratio of 2.88. The firm has a market cap of $682.84 million, a price-to-earnings ratio of 26.72 and a beta of -0.16. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95.

Several institutional investors and hedge funds have recently bought and sold shares of AOBC. Raymond James & Associates increased its position in American Outdoor Brands by 208.1% during the second quarter. Raymond James & Associates now owns 45,724 shares of the company’s stock valued at $550,000 after acquiring an additional 30,881 shares during the last quarter. Bank of New York Mellon Corp increased its position in American Outdoor Brands by 7.9% during the second quarter. Bank of New York Mellon Corp now owns 355,754 shares of the company’s stock valued at $4,280,000 after acquiring an additional 25,903 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in American Outdoor Brands by 64.8% during the third quarter. Cornerstone Wealth Management LLC now owns 41,055 shares of the company’s stock valued at $2,748,000 after acquiring an additional 16,147 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in American Outdoor Brands during the third quarter valued at $1,713,000. Finally, Public Employees Retirement Association of Colorado increased its position in American Outdoor Brands by 308.3% during the third quarter. Public Employees Retirement Association of Colorado now owns 11,093 shares of the company’s stock valued at $172,000 after acquiring an additional 8,376 shares during the last quarter. 64.64% of the stock is currently owned by institutional investors.

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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