American Outdoor Brands (NASDAQ:AOBC) Releases Q3 Earnings Guidance

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.

In related news, Director John B. Furman sold 10,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $6.95, for a total value of $69,500.00. Following the completion of the sale, the director now owns 38,335 shares of the company’s stock, valued at $266,428.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.68% of the stock is owned by insiders.

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

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