American Outdoor Brands (AOBC) Releases Q3 Earnings Guidance

American Outdoor Brands (NASDAQ:AOBC) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.07-0.10 for the period, compared to the Thomson Reuters consensus estimate of $0.42. The company issued revenue guidance of $170-180 million, compared to the consensus revenue estimate of $210.56 million.American Outdoor Brands also updated its FY18 guidance to $0.57-0.67 EPS.

American Outdoor Brands (AOBC) traded down $0.06 during mid-day trading on Thursday, hitting $14.24. 1,328,000 shares of the company traded hands, compared to its average volume of 1,406,683. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.63. The company has a market capitalization of $772.22, a PE ratio of 7.41, a price-to-earnings-growth ratio of 0.89 and a beta of -0.13. American Outdoor Brands has a one year low of $12.87 and a one year high of $24.49.

American Outdoor Brands (NASDAQ:AOBC) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The firm’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same quarter last year, the company posted $0.66 earnings per share. equities analysts anticipate that American Outdoor Brands will post 1.07 earnings per share for the current fiscal year.

Several research analysts recently weighed in on AOBC shares. Ifs Securities started coverage on shares of American Outdoor Brands in a research report on Friday, September 1st. They issued an outperform rating and a $21.00 price objective on the stock. Zacks Investment Research cut shares of American Outdoor Brands from a hold rating to a sell rating in a research report on Tuesday, September 5th. Craig Hallum restated a hold rating and issued a $17.00 price objective on shares of American Outdoor Brands in a research report on Wednesday, September 20th. Jefferies Group reaffirmed a hold rating and issued a $17.00 target price (down previously from $20.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. Finally, Lake Street Capital cut their target price on American Outdoor Brands from $17.00 to $13.00 and set a hold rating for the company in a research note on Friday, September 8th. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands currently has an average rating of Buy and an average price target of $19.68.

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American Outdoor Brands Company Profile

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.

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

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