American Outdoor Brands (NASDAQ:AOBC) issued its earnings results on Thursday. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06, Briefing.com reports. The business had revenue of $161.70 million during the quarter, compared to analyst estimates of $154.67 million. American Outdoor Brands had a return on equity of 9.69% and a net margin of 5.30%. American Outdoor Brands’s revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.11 earnings per share.
Shares of NASDAQ AOBC opened at $14.09 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.60 and a quick ratio of 0.82. The firm has a market capitalization of $664.09 million, a P/E ratio of 30.63 and a beta of 0.08. American Outdoor Brands has a one year low of $8.32 and a one year high of $15.95.
A number of research analysts recently commented on the company. ValuEngine upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Zacks Investment Research upgraded American Outdoor Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, September 6th. BidaskClub upgraded American Outdoor Brands from a “hold” rating to a “buy” rating in a research note on Tuesday, October 16th. Wedbush set a $15.00 target price on American Outdoor Brands and gave the company a “buy” rating in a research note on Saturday, September 1st. Finally, Craig Hallum lowered American Outdoor Brands from a “buy” rating to a “hold” rating and cut their target price for the company from $15.00 to $13.00 in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.60.
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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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