Wall Street brokerages expect American Outdoor Brands Corporation (NASDAQ:AOBC) to report earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for American Outdoor Brands Corporation’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.10. American Outdoor Brands Corporation reported earnings of $0.62 per share in the same quarter last year, which suggests a negative year over year growth rate of 82.3%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, September 7th.

On average, analysts expect that American Outdoor Brands Corporation will report full-year earnings of $1.51 per share for the current financial year, with EPS estimates ranging from $1.32 to $1.62. For the next financial year, analysts anticipate that the firm will report earnings of $2.05 per share, with EPS estimates ranging from $1.98 to $2.20. Zacks’ EPS calculations are an average based on a survey of research analysts that cover American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its earnings results on Thursday, June 29th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.19. The business had revenue of $229.20 million during the quarter, compared to analysts’ expectations of $210.82 million. American Outdoor Brands Corporation had a return on equity of 37.76% and a net margin of 13.87%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

A number of analysts recently commented on AOBC shares. Ifs Securities started coverage on shares of American Outdoor Brands Corporation in a research report on Friday, September 1st. They issued a “buy” rating and a $21.00 price objective for the company. Zacks Investment Research cut shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Cowen and Company upped their price objective on shares of American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, June 30th. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price objective on shares of American Outdoor Brands Corporation in a research report on Friday, July 7th. Finally, Vetr upgraded shares of American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective for the company in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.30.

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A number of hedge funds and other institutional investors have recently made changes to their positions in AOBC. Vanguard Group Inc. acquired a new position in American Outdoor Brands Corporation in the 1st quarter worth $173,622,000. BlackRock Inc. acquired a new position in American Outdoor Brands Corporation in the 1st quarter worth $93,810,000. Dimensional Fund Advisors LP acquired a new position in American Outdoor Brands Corporation in the 1st quarter worth $39,185,000. LSV Asset Management acquired a new position in American Outdoor Brands Corporation in the 1st quarter worth $36,571,000. Finally, Prudential Financial Inc. acquired a new position in American Outdoor Brands Corporation in the 1st quarter worth $17,611,000. 72.61% of the stock is owned by hedge funds and other institutional investors.

Shares of American Outdoor Brands Corporation (AOBC) traded up 3.86% during mid-day trading on Friday, hitting $16.94. The stock had a trading volume of 1,012,631 shares. The stock has a market capitalization of $912.81 million, a price-to-earnings ratio of 7.53 and a beta of 0.11. American Outdoor Brands Corporation has a 12-month low of $16.00 and a 12-month high of $29.25. The stock’s 50-day moving average price is $19.15 and its 200-day moving average price is $20.85.

About American Outdoor Brands Corporation

American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The Company operates through two segments. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services.

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

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