Outdoor (NASDAQ:POWW) Announces Earnings Results

Outdoor (NASDAQ:POWW) released its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The company had revenue of $14.48 million during the quarter, compared to the consensus estimate of $13.02 million. Outdoor had a positive return on equity of 1.89% and a negative net margin of 6.92%.

Outdoor Price Performance

POWW stock opened at $2.13 on Monday. The business’s 50-day moving average is $2.19 and its two-hundred day moving average is $2.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.96 and a quick ratio of 3.96. The firm has a market capitalization of $247.42 million, a P/E ratio of -42.60 and a beta of 1.02. Outdoor has a 1 year low of $1.11 and a 1 year high of $2.60.

Institutional Trading of Outdoor

A number of large investors have recently made changes to their positions in POWW. AQR Capital Management LLC acquired a new position in Outdoor during the 1st quarter worth approximately $29,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Outdoor during the 1st quarter worth $214,000. Empowered Funds LLC grew its stake in shares of Outdoor by 7.4% during the first quarter. Empowered Funds LLC now owns 645,302 shares of the company’s stock worth $891,000 after purchasing an additional 44,545 shares in the last quarter. Jane Street Group LLC increased its holdings in Outdoor by 114.4% in the first quarter. Jane Street Group LLC now owns 148,855 shares of the company’s stock valued at $205,000 after buying an additional 79,416 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in Outdoor by 2.5% in the first quarter. Focus Partners Wealth now owns 545,742 shares of the company’s stock valued at $753,000 after buying an additional 13,130 shares during the last quarter. 26.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on POWW. Roth Capital raised their price objective on shares of Outdoor from $2.30 to $2.75 and gave the company a “buy” rating in a research note on Monday, June 22nd. Zacks Research raised shares of Outdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings cut shares of Outdoor from a “sell (d+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.62.

Outdoor Company Profile

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.