American Outdoor Brands (NASDAQ:AOBC) released its earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.09, Fidelity Earnings reports. American Outdoor Brands had a net margin of 3.32% and a return on equity of 6.27%. American Outdoor Brands updated its Q2 guidance to $0.11-0.15 EPS and its FY19 guidance to $0.62-0.66 EPS.
Shares of AOBC stock opened at $9.77 on Friday. The stock has a market cap of $537.32 million, a PE ratio of 21.48 and a beta of -0.24. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $17.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.16 and a current ratio of 2.69.
AOBC has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of American Outdoor Brands from a “sell” rating to a “hold” rating in a report on Monday, May 7th. BidaskClub upgraded shares of American Outdoor Brands from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 24th. ValuEngine lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Cowen lowered shares of American Outdoor Brands from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Thursday, June 21st. Finally, Lake Street Capital upped their target price on shares of American Outdoor Brands from $13.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $16.06.
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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