American Outdoor Brands Corp (NASDAQ:AOBC) – Analysts at Wedbush lowered their FY2019 earnings estimates for American Outdoor Brands in a research note issued on Friday. Wedbush analyst J. Hardiman now forecasts that the company will post earnings of $1.38 per share for the year, down from their previous forecast of $1.56. Wedbush has a “Buy” rating and a $20.00 price objective on the stock.
American Outdoor Brands (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.04. American Outdoor Brands had a return on equity of 19.29% and a net margin of 8.27%. The firm had revenue of $148.40 million during the quarter, compared to analysts’ expectations of $142.10 million. The firm’s revenue was down 36.5% compared to the same quarter last year.
Shares of American Outdoor Brands (NASDAQ:AOBC) traded down $0.50 on Monday, hitting $13.60. The company had a trading volume of 2,423,488 shares, compared to its average volume of 1,491,350. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.91 and a quick ratio of 0.93. American Outdoor Brands has a 52-week low of $12.46 and a 52-week high of $24.49. The stock has a market capitalization of $746.23, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.51 and a beta of -0.13.
A number of large investors have recently modified their holdings of the business. Alps Advisors Inc. grew its holdings in American Outdoor Brands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after buying an additional 65 shares in the last quarter. Suntrust Banks Inc. grew its holdings in American Outdoor Brands by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock valued at $303,000 after buying an additional 226 shares in the last quarter. QCI Asset Management Inc. NY grew its holdings in American Outdoor Brands by 3.1% in the 2nd quarter. QCI Asset Management Inc. NY now owns 33,400 shares of the company’s stock valued at $741,000 after buying an additional 1,000 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of American Outdoor Brands by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock valued at $1,343,000 after purchasing an additional 1,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of American Outdoor Brands by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock valued at $955,000 after purchasing an additional 1,039 shares during the last quarter. Institutional investors own 71.59% of the company’s stock.
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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.
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