American Outdoor Brands Corporation (NASDAQ:AOBC) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.04-1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.53. The company issued revenue guidance of $700-740 million, compared to the consensus revenue estimate of $774.49 million.American Outdoor Brands Corporation also updated its Q2 guidance to $0.07-0.12 EPS.

A number of equities research analysts have issued reports on the stock. Vetr downgraded shares of American Outdoor Brands Corporation from a strong-buy rating to a buy rating and set a $24.67 target price for the company. in a research report on Thursday, July 6th. Cowen and Company increased their price target on shares of American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an outperform rating in a research note on Friday, June 30th. Forward View restated a hold rating on shares of American Outdoor Brands Corporation in a research note on Wednesday, July 5th. Jefferies Group LLC restated a hold rating and set a $20.00 price target on shares of American Outdoor Brands Corporation in a research note on Friday, June 30th. Finally, Wedbush increased their price target on shares of American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a neutral rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $22.30.

American Outdoor Brands Corporation (AOBC) remained flat at $16.94 on Thursday. 2,012,350 shares of the company’s stock were exchanged. The firm has a market cap of $912.81 million, a price-to-earnings ratio of 7.53 and a beta of 0.11. The firm’s 50-day moving average price is $19.03 and its 200 day moving average price is $20.82. American Outdoor Brands Corporation has a 12 month low of $16.00 and a 12 month high of $29.25.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The firm had revenue of $229.20 million for the quarter, compared to analyst estimates of $210.82 million. American Outdoor Brands Corporation’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that American Outdoor Brands Corporation will post $1.54 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “American Outdoor Brands Corporation (AOBC) Updates FY18 Earnings Guidance” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/07/american-outdoor-brands-corporation-aobc-updates-fy18-earnings-guidance.html.

American Outdoor Brands Corporation Company Profile

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 Company operates through two segments. 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.

Earnings History and Estimates for American Outdoor Brands Corporation (NASDAQ:AOBC)

Receive News & Ratings for American Outdoor Brands Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Outdoor Brands Corporation and related companies with MarketBeat.com's FREE daily email newsletter.