Brokerages forecast that American Outdoor Brands Corp (NASDAQ:AOBC) will post 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 posted earnings of $0.11 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.3%. The firm is scheduled to report its next 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 year, analysts forecast 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 EPS calculations are an average based on a survey of research firms that that provide coverage for American Outdoor Brands.

American Outdoor Brands (NASDAQ:AOBC) last posted its earnings results 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. The company had revenue of $138.83 million for the quarter, compared to analyst estimates of $138.00 million. American Outdoor Brands had a return on equity of 8.67% and a net margin of 4.85%.

Several analysts have weighed in on the company. Zacks Investment Research lowered American Outdoor Brands from a “buy” rating to a “hold” rating in a report on Tuesday. BidaskClub lowered American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. Craig Hallum lowered 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 research note on Thursday, November 1st. ValuEngine raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Finally, Cowen reaffirmed a “hold” rating and set a $12.00 price objective on shares of American Outdoor Brands in a research note on Friday, August 31st. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $14.60.

In related news, Director John B. Furman sold 10,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $14.50, for a total transaction of $145,000.00. Following the sale, the director now owns 32,834 shares of the company’s stock, valued at $476,093. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert H. Brust acquired 4,240 shares of the firm’s stock in a transaction that occurred on Thursday, September 6th. The shares were bought at an average cost of $14.83 per share, for a total transaction of $62,879.20. Following the purchase, the director now owns 12,366 shares of the company’s stock, valued at $183,387.78. The disclosure for this purchase can be found here. 2.47% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position 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 worth $29,409,000 after buying an additional 751,236 shares during the period. Millennium Management LLC purchased a new position in American Outdoor Brands during the second quarter worth about $16,241,000. Point72 Asset Management L.P. lifted its position 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 worth $9,691,000 after buying an additional 680,600 shares during the period. Schwab Charles Investment Management Inc. lifted its position in American Outdoor Brands by 16.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 592,568 shares of the company’s stock worth $7,129,000 after buying an additional 85,813 shares during the period. Finally, Davidson Kempner Capital Management LP purchased a new position in American Outdoor Brands during the second quarter worth about $6,755,000. Hedge funds and other institutional investors own 63.10% of the company’s stock.

American Outdoor Brands stock traded down $0.08 during trading hours on Monday, hitting $13.52. The stock had a trading volume of 473,599 shares, compared to its average volume of 1,110,470. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60. The firm has a market capitalization of $751.66 million, a price-to-earnings ratio of 29.39 and a beta of 0.14. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95.

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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