logo
Plus   Neg
Share
Email

Stock Alert: American Outdoor Brands Down 38%

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
JetBlue Airways said it will continue to block middle seats in rows where passengers are not traveling together through the July 4 holiday. JetBue will block middle seats on its Airbus aircraft, while it will block aisle seats on its smaller Embraer 190 aircraft. Customers traveling together will be allowed to sit in the middle and aisle seats. The U.S. Food and Drug Administration or FDA announced on its website that New Hoque and Sons, Inc. is recalling Radhuni Curry Powder distributed in New York City, New York due to potential Salmonella contamination. The recall was made after it was found that the finished products contained several strains of Salmonella, the company said. General Motors is reopening its plants in Mexico after it received approval from the Mexican government to restart operations in the country, according to reports. The automaker had suspended its operations in Mexico in the third week of March due to the coronavirus pandemic. GM's Mexican manufacturing facilities are important as they supply critical parts for its plants in the U.S.
RELATED NEWS
Follow RTT