American Outdoor Brands (AOBC) Updates Q2 Earnings Guidance
American Outdoor Brands (NASDAQ:AOBC) updated its second quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.11-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $150-160 million, compared to the consensus revenue estimate of $142.84 million.American Outdoor Brands also updated its FY19 guidance to $0.62-0.66 EPS.
Several equities analysts have weighed in on the company. Wedbush raised their price target on American Outdoor Brands from $13.00 to $14.50 and gave the stock an outperform rating in a research report on Thursday, June 21st. Lake Street Capital reissued a buy rating and set a $17.00 price target on shares of American Outdoor Brands in a research report on Friday. Cowen reissued a hold rating and set a $12.00 price target on shares of American Outdoor Brands in a research report on Friday. BidaskClub raised American Outdoor Brands from a sell rating to a hold rating in a research report on Thursday. Finally, ValuEngine raised American Outdoor Brands from a sell rating to a hold rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. American Outdoor Brands has a consensus rating of Hold and an average target price of $16.06.
American Outdoor Brands stock opened at $9.77 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.69 and a debt-to-equity ratio of 0.43. The firm has a market cap of $537.32 million, a price-to-earnings ratio of 21.24 and a beta of -0.24. American Outdoor Brands has a fifty-two week low of $8.32 and a fifty-two week high of $17.82.
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.
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