Equities analysts expect American Outdoor Brands Corporation (NASDAQ:AOBC) to post $0.09 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for American Outdoor Brands Corporation’s earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.11. American Outdoor Brands Corporation posted earnings of $0.68 per share during the same quarter last year, which would suggest a negative year over year growth rate of 86.8%. The company is scheduled to report its next earnings report on Thursday, December 7th.

According to Zacks, analysts expect that American Outdoor Brands Corporation will report full-year earnings of $1.16 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.22. For the next financial year, analysts anticipate that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.69 to $2.53. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow American Outdoor Brands Corporation.

American Outdoor Brands Corporation (NASDAQ:AOBC) last released its earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The business had revenue of $129.02 million during the quarter, compared to analyst estimates of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share.

Several research firms have recently weighed in on AOBC. Vetr lowered American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $24.67 price objective for the company. in a research note on Thursday, July 6th. Aegis reaffirmed a “buy” rating and issued a $23.00 target price on shares of American Outdoor Brands Corporation in a research report on Wednesday. Cowen and Company raised their target price on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, June 30th. Craig Hallum reaffirmed a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a research report on Wednesday. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of American Outdoor Brands Corporation in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $19.37.

ILLEGAL ACTIVITY NOTICE: “Brokerages Expect American Outdoor Brands Corporation (AOBC) to Post $0.09 Earnings Per Share” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/22/brokerages-expect-american-outdoor-brands-corporation-aobc-to-post-0-09-earnings-per-share.html.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 15.16 on Friday. The company has a 50-day moving average price of $17.43 and a 200 day moving average price of $20.51. The firm has a market capitalization of $818.66 million, a price-to-earnings ratio of 9.40 and a beta of 0.11. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOBC. Vanguard Group Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at $173,622,000. BlackRock Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at $93,810,000. Dimensional Fund Advisors LP acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at $39,185,000. Prudential Financial Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at $17,611,000. Finally, Geode Capital Management LLC acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at $16,784,000. 72.53% of the stock is owned by hedge funds and other institutional investors.

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.

Get a free copy of the Zacks research report on American Outdoor Brands Corporation (AOBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Stock Ratings for American Outdoor Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corporation and related stocks with our FREE daily email newsletter.