American Outdoor Brands (AOBC) Updates Q4 2019 Earnings Guidance

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American Outdoor Brands (NASDAQ:AOBC) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.11-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.20. The company issued revenue guidance of $162-172 million, compared to the consensus revenue estimate of $170.51 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.

American Outdoor Brands stock opened at $11.37 on Friday. The firm has a market capitalization of $699.20 million, a P/E ratio of 24.72 and a beta of -0.16. American Outdoor Brands has a 1-year low of $9.27 and a 1-year high of $15.95. The company has a quick ratio of 1.11, a current ratio of 2.88 and a debt-to-equity ratio of 0.50.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, March 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. American Outdoor Brands had a net margin of 5.30% and a return on equity of 9.60%. On average, research analysts anticipate that American Outdoor Brands will post 0.72 earnings per share for the current year.

A number of research analysts recently weighed in on AOBC shares. ValuEngine upgraded shares of American Outdoor Brands from a hold rating to a buy rating in a research note on Monday, February 4th. BidaskClub cut shares of American Outdoor Brands from a sell rating to a strong sell rating in a research note on Friday, January 25th. Wedbush cut their price target on shares of American Outdoor Brands from $16.50 to $15.30 and set an outperform rating for the company in a research note on Tuesday, December 4th. Cowen reiterated a hold rating and issued a $12.00 price target on shares of American Outdoor Brands in a research note on Friday, December 7th. Finally, Zacks Investment Research cut shares of American Outdoor Brands from a strong-buy rating to a hold rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of $14.40.

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American Outdoor Brands Company Profile

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

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