American Outdoor Brands (NASDAQ:AOUT) Posts Quarterly Earnings Results, Beats Estimates By $0.27 EPS

Key Points

• American Outdoor Brands beat quarterly earnings expectations, reporting adjusted EPS of $0.03 versus the consensus estimate of a $0.24 loss. Revenue reached $37.25 million, above analysts’ $35.64 million forecast.
• The stock traded at $10.01, with a market capitalization of approximately $126.3 million and a 52-week range of $6.26 to $14.97. Institutional investors own nearly 49.9% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $14.25; recent actions included buy upgrades and targets as high as $15, alongside hold and sell ratings.

American Outdoor Brands (NASDAQ:AOUT - Get Free Report) released its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.27, FiscalAI reports. American Outdoor Brands had a negative net margin of 4.83% and a positive return on equity of 0.67%. The business had revenue of $37.25 million during the quarter, compared to analysts' expectations of $35.64 million.

American Outdoor Brands Price Performance

Shares of American Outdoor Brands stock traded up $0.06 during trading on Thursday, hitting $10.01. 80,501 shares of the company were exchanged, compared to its average volume of 67,551. The firm has a market capitalization of $126.33 million, a P/E ratio of -13.71 and a beta of 0.27. The firm's fifty day moving average price is $12.51 and its 200 day moving average price is $10.44. American Outdoor Brands has a 1-year low of $6.26 and a 1-year high of $14.97.

Institutional Investors Weigh In On American Outdoor Brands

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in American Outdoor Brands by 158.0% in the 4th quarter. Royal Bank of Canada now owns 26,408 shares of the company's stock valued at $204,000 after purchasing an additional 16,171 shares during the period. Mariner LLC bought a new stake in American Outdoor Brands in the 4th quarter valued at about $139,000. Barclays PLC boosted its holdings in American Outdoor Brands by 11.0% in the 4th quarter. Barclays PLC now owns 19,271 shares of the company's stock valued at $149,000 after purchasing an additional 1,902 shares during the period. Empowered Funds LLC grew its position in shares of American Outdoor Brands by 9.2% during the 4th quarter. Empowered Funds LLC now owns 34,400 shares of the company's stock worth $266,000 after purchasing an additional 2,889 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of American Outdoor Brands during the 2nd quarter worth approximately $105,000. 49.87% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AOUT. Weiss Ratings restated a "sell (d-)" rating on shares of American Outdoor Brands in a research note on Wednesday, June 24th. Zacks Research cut American Outdoor Brands from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Lake Street Capital raised their target price on American Outdoor Brands from $14.00 to $15.00 and gave the stock a "buy" rating in a research report on Friday, June 26th. Roth Capital reaffirmed a "buy" rating and issued a $13.50 price target on shares of American Outdoor Brands in a research note on Friday, June 26th. Finally, Wall Street Zen upgraded American Outdoor Brands from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Outdoor Brands currently has a consensus rating of "Hold" and a consensus price target of $14.25.

American Outdoor Brands Company Profile

American Outdoor Brands, Inc designs, manufactures and distributes a broad range of outdoor sports and recreational products for consumers and commercial end users. Through its Shooting & Accessories and Functional Outdoor Approaches segments, the company offers shooting sports equipment, hunting and fishing accessories, archery gear, tactical and personal defense solutions, outdoor apparel, fitness products and knife and tool categories. Its portfolio encompasses well-known brands such as Wheeler®, Tipton®, Caldwell®, Hogue®, Manticore Arms® and other specialty labels.

Formed as a standalone public company in 2016 following a spin-off from Smith & Wesson, American Outdoor Brands has its headquarters in Columbia, Missouri, with manufacturing, distribution and sales operations across North America.

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