American Outdoor Brands (NASDAQ:AOBC) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.20-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $180-190 million, compared to the consensus revenue estimate of $172.40 million.American Outdoor Brands also updated its FY20 guidance to $0.76-0.84 EPS.
Shares of American Outdoor Brands stock traded up $0.40 during trading on Thursday, hitting $9.44. 2,362,474 shares of the stock were exchanged, compared to its average volume of 871,364. The stock’s fifty day moving average is $7.81 and its 200 day moving average is $7.92. The stock has a market cap of $517.25 million, a PE ratio of 11.37 and a beta of 0.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.87. American Outdoor Brands has a 12 month low of $5.41 and a 12 month high of $15.32.
Several analysts recently weighed in on the stock. Wedbush reduced their target price on shares of American Outdoor Brands from $10.00 to $6.50 and set a neutral rating for the company in a research note on Friday, August 30th. 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 Thursday. Craig Hallum restated a buy rating and issued a $12.00 price target (up previously from $10.00) on shares of American Outdoor Brands in a research note on Thursday, November 14th. ValuEngine raised American Outdoor Brands from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, BidaskClub upgraded American Outdoor Brands from a buy rating to a strong-buy rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. American Outdoor Brands currently has an average rating of Buy and an average price target of $10.50.
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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