American Outdoor Brands Corp (AOUT)

[FUNMAN]

It sure seems as if AOBC has bottomed near $6.

American Outdoor Brands (NASDAQ:AOBC) Issues FY20 Earnings Guidance
Posted by Ned Boundy on Sep 8th, 2019


https://trentdailytimes.com/2019/09/08/american-outdoor-brands-nasdaqaobc-releases-fy20-earnings-guidance.html


American Outdoor Brands (NASDAQ:AOBC) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.70-0.78 for the period, compared to the Thomson Reuters consensus estimate of $0.82. The company issued revenue guidance of $630-650 million, compared to the consensus revenue estimate of $644.35 million.American Outdoor Brands also updated its FY 2020 guidance to $0.70-0.78 EPS.


Shares of NASDAQ:AOBC traded up $0.19 on Friday, hitting $6.09. The company had a trading volume of 1,468,945 shares, compared to its average volume of 1,351,604. The company has a market cap of $323.45 million, a PE ratio of 9.08 and a beta of 0.29. The business has a 50 day moving average of $8.07 and a 200 day moving average of $9.26. American Outdoor Brands has a 52-week low of $5.67 and a 52-week high of $15.95. The company has a current ratio of 1.87, a quick ratio of 1.21 and a debt-to-equity ratio of 0.32.



American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, August 29th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05). The business had revenue of $123.67 million during the quarter, compared to analyst estimates of $126.58 million. American Outdoor Brands had a net margin of 1.39% and a return on equity of 8.19%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities analysts predict that American Outdoor Brands will post 0.74 EPS for the current year.



Several equities analysts recently commented on the company. Wedbush dropped their target price on 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. BidaskClub lowered American Outdoor Brands from a sell rating to a strong sell rating in a research note on Wednesday, August 28th. Lake Street Capital reiterated a buy rating and issued a $14.00 target price (down from $17.00) on shares of American Outdoor Brands in a research note on Friday, August 30th. Zacks Investment Research lowered American Outdoor Brands from a hold rating to a sell rating in a research note on Wednesday. Finally, ValuEngine lowered American Outdoor Brands from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. American Outdoor Brands presently has an average rating of Hold and an average target price of $10.30.


American Outdoor Brands Company Profile


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.