American Outdoor Brands Corporation (NASDAQ:AOBC) – Research analysts at Forward View reduced their Q2 2018 earnings per share estimates for American Outdoor Brands Corporation in a report released on Tuesday. Forward View analyst F. Campbell now anticipates that the company will post earnings of $0.08 per share for the quarter, down from their prior forecast of $0.21. Forward View has a “Buy” rating on the stock. Forward View also issued estimates for American Outdoor Brands Corporation’s Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.70 EPS.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its quarterly earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The company had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. American Outdoor Brands Corporation’s quarterly revenue was down 37.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS.

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Other research analysts also recently issued reports about the stock. Vetr downgraded shares of American Outdoor Brands Corporation from a “strong-buy” rating to a “buy” rating and set a $24.67 price target on the stock. in a research note on Thursday, July 6th. Aegis reissued a “buy” rating and set a $25.00 price target on shares of American Outdoor Brands Corporation in a research note on Monday, August 21st. ValuEngine raised shares of American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Cowen and Company reissued a “buy” rating and set a $19.00 price target (down from $27.00) on shares of American Outdoor Brands Corporation in a research note on Friday, September 8th. Finally, TheStreet downgraded shares of American Outdoor Brands Corporation from a “b” rating to a “c” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.37.

American Outdoor Brands Corporation (NASDAQ AOBC) traded down 2.3108% on Thursday, hitting $14.0184. The company’s stock had a trading volume of 555,119 shares. The company has a 50 day moving average price of $18.30 and a 200-day moving average price of $20.68. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57. The company has a market capitalization of $755.38 million, a P/E ratio of 6.2304 and a beta of 0.11.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers purchased a new position in shares of American Outdoor Brands Corporation in the second quarter worth $1,070,000. Raymond James Financial Services Advisors Inc. increased its stake in shares of American Outdoor Brands Corporation by 133.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 23,199 shares of the company’s stock worth $514,000 after buying an additional 92,246 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of American Outdoor Brands Corporation in the second quarter worth $108,000. The Manufacturers Life Insurance Company increased its stake in shares of American Outdoor Brands Corporation by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock worth $955,000 after buying an additional 1,039 shares during the period. Finally, State Street Corp increased its stake in shares of American Outdoor Brands Corporation by 6.7% in the second quarter. State Street Corp now owns 1,036,174 shares of the company’s stock worth $22,962,000 after buying an additional 64,749 shares during the period. 72.61% of the stock is currently owned by institutional investors.

About American Outdoor Brands Corporation

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)

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