American Outdoor Brands Corporation (AOBC) Expected to Announce Quarterly Sales of $142.88 Million

Wall Street brokerages expect that American Outdoor Brands Corporation (NASDAQ:AOBC) will report sales of $142.88 million for the current quarter, Zacks reports. Four analysts have made estimates for American Outdoor Brands Corporation’s earnings, with the highest sales estimate coming in at $146.00 million and the lowest estimate coming in at $140.50 million. American Outdoor Brands Corporation reported sales of $233.53 million in the same quarter last year, which would suggest a negative year over year growth rate of 38.8%. The company is expected to report its next earnings results on Thursday, December 7th.

On average, analysts expect that American Outdoor Brands Corporation will report full year sales of $142.88 million for the current year, with estimates ranging from $701.70 million to $724.20 million. For the next financial year, analysts forecast that the company will report sales of $793.10 million per share, with estimates ranging from $769.90 million to $828.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. During the same period last year, the company posted $0.66 EPS. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% on a year-over-year basis.

Several research analysts have commented on the stock. Craig Hallum reaffirmed a “hold” rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Vetr raised shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective for the company in a research note on Monday, August 7th. Aegis reaffirmed a “buy” rating and set a $23.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 price objective on shares of American Outdoor Brands Corporation in a research note on Wednesday, September 20th. Finally, TheStreet lowered shares of American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.68.

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Shares of American Outdoor Brands Corporation (NASDAQ AOBC) opened at 14.35 on Thursday. The stock has a market cap of $774.91 million, a PE ratio of 8.90 and a beta of -0.02. The stock has a 50 day moving average of $15.65 and a 200-day moving average of $20.05. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57.

Institutional investors and hedge funds have recently modified their holdings of the company. Great West Life Assurance Co. Can purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $105,000. Envestnet Asset Management Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $107,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $108,000. Tower Research Capital LLC TRC purchased a new stake in shares of American Outdoor Brands Corporation during the second quarter valued at $108,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the first quarter valued at $110,000. 72.53% of the stock is owned by hedge funds and other institutional investors.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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

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