American Outdoor Brands (AOBC) Updates Q3 Earnings Guidance

Modesto Morganelli
Dicembre 8, 2017

In terms of Buy, Sell or Hold recommendations, American Outdoor Brands Corp (NASDAQ:AOBC) has analysts' mean recommendation of 2.3.

Shares of American Outdoor Brands (NASDAQ:AOBC) traded down $0.06 during mid-day trading on Thursday, hitting $14.24. Finally, Wedbush reaffirmed a "neutral" rating and set a $16.00 price target (down previously from $20.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. The firm now has a "hold" rating on the stock.

Analysts await American Outdoor Brands Corporation (NASDAQ:AOBC) to report earnings on Dec, 07 for the fiscal quarter ending Oct 2017. The average 1-year price objective among analysts that have covered the stock in the last year is $19.15.

The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) is a huge mover today! Craig Hallum reiterated a "hold" rating and set a $17.00 price objective on shares of American Outdoor Brands in a research note on Wednesday, September 20th. Ifs Securities started coverage on shares of American Outdoor Brands in a research note on Friday, September 1st. This public company's current market capitalization stands at $770.06 million. The company reported $0.02 EPS for the quarter, missing the Zacks' consensus estimate of $0.11 by ($0.09).

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American Outdoor Brands Corporation, formerly Smith & Wesson Holding Corporation, is a manufacturer of firearms and a provider of accessory products for the shooting, hunting and outdoor enthusiast. The rating was maintained by Wunderlich on Thursday, June 22 with "Hold".

American Outdoor Brands (NASDAQ:AOBC) had its price target lowered by Lake Street Capital from $17.00 to $13.00 in a research note issued on Friday, November 17th, MarketBeat Ratings reports.

Currently American Outdoor Brands Corp (NASDAQ:AOBC)'s shares owned by insiders are 2.2%, whereas shares owned by institutional owners are 73.4%. For the current year the company's revenue estimates are $715.73 Million compared to low analyst estimates of $698.3 Million and high estimates of $728.4 Million according to 8 number of analysts. The business had revenue of $148.40 million during the quarter, compared to the consensus estimate of $142.10 million.

Institutional investors have recently modified their holdings of the stock. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%. BlackRock Inc. purchased a new stake in American Outdoor Brands in the 1st quarter valued at $93,810,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of American Outdoor Brands Corp during the first quarter worth about $111,000. Victory Capital Management Inc. purchased a new position in shares of American Outdoor Brands during the second quarter worth $125,000.

TRADEMARK VIOLATION WARNING: This piece was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. The Firearms segment manufactures handgun and long gun products sold under the Smith & Wesson, M&P and Thompson/Center Arms brands, as well as providing forging, machining and precision plastic injection molding services. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Hold" rating given on Friday, July 7 by Jefferies.

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