American Outdoor Brands (AOBC) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
American Outdoor Brands (NASDAQ:AOBC) released its earnings results on Thursday. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.06, Briefing.com reports. American Outdoor Brands had a net margin of 4.85% and a return on equity of 8.67%. The firm had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis.
Shares of NASDAQ AOBC opened at $12.21 on Friday. American Outdoor Brands has a twelve month low of $8.32 and a twelve month high of $15.95. The company has a market capitalization of $642.88 million, a P/E ratio of 26.54 and a beta of 0.08. The company has a quick ratio of 0.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.44.
Several equities analysts have recently issued reports on AOBC shares. Zacks Investment Research upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Tuesday, August 21st. BidaskClub upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 16th. ValuEngine upgraded shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Tuesday, September 11th. Craig Hallum lowered shares of American Outdoor Brands from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $13.00 in a report on Thursday, November 1st. Finally, Wedbush set a $15.00 price objective on shares of American Outdoor Brands and gave the stock a “buy” rating in a report on Saturday, September 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.66.
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.
See Also: Return on Investment (ROI)
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