American Outdoor Brands (NASDAQ:AOBC) issued an update on its third quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.09-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.10. The company issued revenue guidance of $155-165 million, compared to the consensus revenue estimate of $158.44 million.American Outdoor Brands also updated its FY 2019 guidance to $0.69-0.73 EPS.

NASDAQ:AOBC traded up $0.39 during mid-day trading on Thursday, reaching $12.21. The stock had a trading volume of 1,751,113 shares, compared to its average volume of 1,371,365. The company 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. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.82 and a current ratio of 2.60.

A number of brokerages have issued reports on AOBC. ValuEngine raised shares of American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, September 11th. Zacks Investment Research raised shares of American Outdoor Brands from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Thursday, September 6th. BidaskClub raised shares of American Outdoor Brands from a hold rating to a buy rating in a report on Tuesday, October 16th. Wedbush set a $15.00 target price on shares of American Outdoor Brands and gave the stock a buy rating in a report on Saturday, September 1st. Finally, Craig Hallum cut shares of American Outdoor Brands from a buy rating to a hold rating and cut their target price for the stock from $15.00 to $13.00 in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Hold and an average price target of $14.66.

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

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