Outdoor (NASDAQ:POWW) Releases Quarterly Earnings Results

Key Points

• Outdoor reported quarterly EPS of $0.02, while revenue reached $14.48 million, exceeding analyst expectations of $13.02 million. Despite positive return on equity, the company posted a negative net margin of 6.92%.
• Shares opened at $2.13, with a market capitalization of approximately $247.4 million and a 52-week trading range of $1.11 to $2.60. Institutional investors own 26.4% of the stock.
• Analyst sentiment remains moderately bullish: Zacks upgraded the stock to “strong buy,” Roth Capital raised its price target to $2.75 with a “buy” rating, while Weiss Ratings downgraded it to “sell.” The consensus target price is $2.62.

Outdoor (NASDAQ:POWW - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. Outdoor had a positive return on equity of 1.89% and a negative net margin of 6.92%.The firm had revenue of $14.48 million during the quarter, compared to analyst estimates of $13.02 million.

Outdoor Stock Performance

Shares of NASDAQ POWW opened at $2.13 on Monday. Outdoor has a twelve month low of $1.11 and a twelve month high of $2.60. The firm has a market cap of $247.42 million, a PE ratio of -42.60 and a beta of 1.02. The business has a fifty day simple moving average of $2.19 and a two-hundred day simple moving average of $2.05. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 0.04.

Institutional Trading of Outdoor

Several institutional investors and hedge funds have recently made changes to their positions in the company. AQR Capital Management LLC bought a new position in Outdoor during the 1st quarter worth about $29,000. Jacobs Levy Equity Management Inc. bought a new stake in shares of Outdoor in the 1st quarter valued at about $214,000. Empowered Funds LLC lifted its position in shares of Outdoor by 7.4% in the 1st quarter. Empowered Funds LLC now owns 645,302 shares of the company's stock worth $891,000 after purchasing an additional 44,545 shares during the period. Jane Street Group LLC lifted its position in shares of Outdoor by 114.4% in the 1st quarter. Jane Street Group LLC now owns 148,855 shares of the company's stock worth $205,000 after purchasing an additional 79,416 shares during the period. Finally, Focus Partners Wealth boosted its stake in shares of Outdoor by 2.5% during the first quarter. Focus Partners Wealth now owns 545,742 shares of the company's stock valued at $753,000 after purchasing an additional 13,130 shares in the last quarter. 26.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on POWW shares. Zacks Research upgraded Outdoor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 24th. Weiss Ratings lowered shares of Outdoor from a "sell (d+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Finally, Roth Capital upped their price target on shares of Outdoor from $2.30 to $2.75 and gave the stock a "buy" rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $2.62.

About Outdoor

AMMO, Inc designs, produces, and markets ammunition and ammunition component products for sport and recreational shooters, hunters, individuals seeking home or personal protection, manufacturers, and law enforcement and military agencies. The company's products include STREAK Visual Ammunition that enables shooters to see the path of the bullets fired by them; and Stelth Subsonic ammunition primarily for suppressed firearms. It also owns and operates GunBroker.com, an auction site that supports the lawful sale of firearms, ammunition, and hunting/shooting accessories.

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