American Outdoor Brands (NASDAQ:AOBC) Updates Q1 Earnings Guidance

Share on StockTwits

American Outdoor Brands (NASDAQ:AOBC) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.03-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $120-130 million, compared to the consensus revenue estimate of $141.58 million.American Outdoor Brands also updated its FY 2020 guidance to $0.76-0.84 EPS.

A number of brokerages have recently issued reports on AOBC. BidaskClub upgraded shares of American Outdoor Brands from a strong sell rating to a sell rating in a research note on Tuesday, June 11th. Zacks Investment Research upgraded shares of American Outdoor Brands from a hold rating to a buy rating and set a $10.00 price target on the stock in a research note on Monday, May 27th. Wedbush set a $10.00 price target on shares of American Outdoor Brands and gave the stock a hold rating in a research note on Wednesday, May 22nd. Finally, ValuEngine upgraded shares of American Outdoor Brands from a sell rating to a hold rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $12.40.

Shares of American Outdoor Brands stock traded up $0.10 on Wednesday, reaching $9.14. 1,289,111 shares of the stock were exchanged, compared to its average volume of 724,566. American Outdoor Brands has a 1-year low of $8.19 and a 1-year high of $15.95. The company has a quick ratio of 1.22, a current ratio of 2.94 and a debt-to-equity ratio of 0.51. The firm has a market cap of $489.01 million, a price-to-earnings ratio of 19.87 and a beta of 0.08.

In related news, Director Michael F. Golden sold 20,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $10.01, for a total transaction of $200,200.00. Following the sale, the director now owns 256,432 shares of the company’s stock, valued at $2,566,884.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael F. Golden sold 18,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $10.01, for a total transaction of $180,180.00. Following the sale, the director now directly owns 256,432 shares in the company, valued at approximately $2,566,884.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,000 shares of company stock worth $472,880. 2.47% of the stock is owned by insiders.

WARNING: “American Outdoor Brands (NASDAQ:AOBC) Updates Q1 Earnings Guidance” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4380197/american-outdoor-brands-nasdaqaobc-updates-q1-earnings-guidance.html.

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.

Recommended Story: Blue-Chip Stocks

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

Receive News & Ratings for American Outdoor Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report