American Outdoor Brands (NASDAQ: AUG) Updates Fiscal 2022 Profit Guidance
American Outdoor Brands (NASDAQ: AUGUST) on Thursday morning released an update of its earnings guidance for fiscal 2022. The company provided earnings per share guidance of $ 2,020 to $ 2,210 for the period, compared to Thomson Reuters consensus estimate of earnings per share of $ 2,270. The company released a revenue forecast of $ 280 million to $ 285 million, compared to a consensus estimate of $ 294.12 million.
AUGUST traded at $ 3.73 in Thursday’s session, reaching $ 17.90. 5,951 shares of the stock traded hands, compared to its average volume of 165,392. The company has a market cap of $ 252.46 million, a P / E ratio of 12.70 and a beta of 0 , 07. The company has a 50-day moving average of $ 23.61 and a 200-day moving average of $ 27.30. American Outdoor Brands has a 12-month low of $ 13.69 and a 12-month high of $ 36.62.
American Outdoor Brands (NASDAQ: AUGUST) last released its results on Wednesday, September 8. The company reported EPS of $ 0.48 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.40 of $ 0.08. American Outdoor Brands had a net margin of 6.99% and a return on equity of 11.49%. The company posted revenue of $ 60.77 million in the quarter, compared to $ 58.59 million expected by analysts. During the same period last year, the company posted $ 0.35 in EPS. The company’s quarterly revenue increased 20.4% compared to the same quarter last year. As a group, equity research analysts expect American Outdoor Brands to post 2.12 current year EPS.
Several equity research analysts recently commented on the stock. B. Riley reaffirmed a buy rating and issued a price target of $ 47.00 on American Outdoor Brands shares in a research report on Friday, September 10. Zacks investment research reduced shares of American Outdoor Brands from a buy note to a conservation note in a research report released on Wednesday, November 10. One equity research analyst rated the stock with a conservation rating and four issued a buy rating for the company. According to MarketBeat, the company currently has an average Buy rating and a consensus target price of $ 36.20.
In other news from American outdoor brands, the CFO Hugh Andrew Fulmer acquired 4,000 shares in a transaction that took place on Monday, September 13. The stock was purchased at an average cost of $ 24.81 per share, for a total value of $ 99,240.00. Following the completion of the purchase, the Chief Financial Officer now directly owns 45,630 shares of the company, valued at $ 1,132,080.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, director Gregory J. Jr. Gluchowski acquired 4,033 shares in a transaction that took place on Monday, September 13. The stock was acquired at an average cost of $ 25.00 per share, for a total value of $ 100,825.00. As a result of the purchase, the director now owns 40,777 shares of the company, valued at $ 1,019,425. Disclosure of this purchase can be found here. Insiders own 1.35% of the company’s shares.
Several hedge funds have recently increased or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of American Outdoor Brands by 50.0% during the third quarter. Royal Bank of Canada now owns 2,378 shares of the company valued at $ 58,000 after purchasing 793 additional shares in the last quarter. Invesco Ltd. increased its stake in shares of American Outdoor Brands by 5.8% during the third quarter. Invesco Ltd. now owns 20,656 shares of the company valued at $ 507,000 after acquiring an additional 1,127 shares in the last quarter. Bank of New York Mellon Corp increased its holdings of American Outdoor Brands shares by 9.7% in the third quarter. Bank of New York Mellon Corp now owns 51,601 shares of the company valued at $ 1,267,000 after acquiring an additional 4,577 shares in the last quarter. Finally, Morgan Stanley acquired a new position in shares of American Outdoor Brands during the first quarter valued at approximately $ 535,000. 67.79% of the shares are held by institutional investors and hedge funds.
American Outdoor Brands Company Profile
American Outdoor Brands, Inc. provides outdoor products and accessories for outdoor enthusiasts in the United States and around the world. The company offers products for hunting, fishing, camping, shooting, personal safety and defense. Its products include shooting supplies, racks, safes and other related accessories; premium sport knives and tools for fishing and hunting; land management tools for hunting preparation; harvesting of products for post-hunting or post-fishing activities; electro-optical devices including hunting optics, gun pointing devices, flashlights and laser grips; gun reloading, gunsmithing and cleaning supplies; and survival, camping and emergency preparedness products.
Further reading: Day Trading
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [emailÂ protected]
Should You Invest $ 1,000 In American Exterior Brands Now?
Before you consider American outdoor brands, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and American Outdoor Brands was not on the list.
While American Outdoor Brands currently has a âBuyâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here