06.03.2020 15:58:04
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Stock Alert: American Outdoor Brands Down 38%
(RTTNews) - Shares of American Outdoor Brands Corporation (AOBC) are tanking more than 38% after the firearm maker's third-quarter earnings and revenue missed estimates. Fourth-quarter and full-year outlook also remains lower than the Street estimates.
Third-quarter net income was $5.7 million, or $0.10 per share, compared with net loss of $5.7 million, or $0.10 per share, for the comparable quarter last year. Excluding items, EPS was $0.13 compared with $0.16 last year. On average, 5 analysts polled by Thomson Reuters were expecting earnings of $0.23 per share.
Quarterly net sales edged up to $166.7 million from $162.0 million for the third quarter last year.
For the fourth quarter, the company sees revenue in the range of $205 million - $215 million and EPS of $0.33- $0.37. Analysts see earnings of $0.45 per share on revenue of $224.32 million for the quarter.
For the full year, revenue is expected in the range of $650 million - $660 million and EPS in the range of $0.58- $0.62. The consensus estimate for EPS is at $0.81 on revenue of $689.65 million.
During the last 52-weeks, AOBC has traded in the range of $5.41- $11.43 and is currently at $6.47.
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