Outdoor (NASDAQ:POWW) Announces Earnings Results

Outdoor (NASDAQ:POWW) announced its quarterly earnings data on Monday. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, FiscalAI reports. Outdoor had a negative net margin of 161.16% and a negative return on equity of 8.65%. The firm had revenue of $13.89 million for the quarter, compared to analyst estimates of $12.70 million.

Outdoor Stock Performance

Shares of POWW opened at $2.14 on Monday. Outdoor has a 1-year low of $1.08 and a 1-year high of $2.23. The company has a market capitalization of $251.00 million, a P/E ratio of 53.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.00 and a quick ratio of 4.00. The firm’s 50 day simple moving average is $2.03 and its 200 day simple moving average is $1.95.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Outdoor in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $2.40.

Institutional Trading of Outdoor

A number of hedge funds have recently made changes to their positions in the stock. Kanen Wealth Management LLC increased its stake in Outdoor by 1.7% in the fourth quarter. Kanen Wealth Management LLC now owns 11,691,882 shares of the company’s stock valued at $19,833,000 after acquiring an additional 197,876 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Outdoor by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,358,634 shares of the company’s stock valued at $7,931,000 after purchasing an additional 175,691 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Outdoor by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,302,268 shares of the company’s stock valued at $3,938,000 after purchasing an additional 43,136 shares during the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Outdoor by 4.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 1,054,157 shares of the company’s stock valued at $1,803,000 after buying an additional 43,735 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Outdoor by 6.0% during the 4th quarter. Empowered Funds LLC now owns 772,957 shares of the company’s stock valued at $1,322,000 after buying an additional 43,735 shares in the last quarter. 26.40% of the stock is owned by institutional investors.

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.