American Outdoor Brands (AOBC) Releases FY 2019 Earnings Guidance
American Outdoor Brands (NASDAQ:AOBC) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.69-0.73 for the period, compared to the Thomson Reuters consensus estimate of $0.64. The company issued revenue guidance of $625-635 million, compared to the consensus revenue estimate of $624.87 million.American Outdoor Brands also updated its Q3 2019 guidance to $0.09-0.13 EPS.
Shares of NASDAQ AOBC traded up $0.39 during mid-day trading on Thursday, reaching $12.21. The company had a trading volume of 1,764,393 shares, compared to its average volume of 1,371,365. The company has a quick ratio of 0.82, a current ratio of 2.60 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $642.88 million, a price-to-earnings ratio of 26.54 and a beta of 0.08. American Outdoor Brands has a 1-year low of $8.32 and a 1-year high of $15.95.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded American Outdoor Brands from a strong sell rating to a sell rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded American Outdoor Brands from a hold rating to a buy rating and set a $11.00 price target on the stock in a report on Tuesday, August 21st. Cowen reiterated a hold rating and set a $12.00 price target on shares of American Outdoor Brands in a report on Friday, August 31st. Lake Street Capital reiterated a buy rating and set a $17.00 price target on shares of American Outdoor Brands in a report on Friday, August 31st. Finally, ValuEngine upgraded American Outdoor Brands from a sell rating to a hold rating in a report on Saturday, September 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. American Outdoor Brands presently has a consensus rating of Hold and a consensus target price of $14.66.
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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