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.
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
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.