American Outdoor Brands Corporation (NASDAQ:AOBC) – Research analysts at Wedbush decreased their Q2 2018 earnings per share estimates for American Outdoor Brands Corporation in a research report issued on Monday. Wedbush analyst J. Hardiman now expects that the company will post earnings of $0.08 per share for the quarter, down from their previous estimate of $0.10. Wedbush currently has a “Outperform” rating and a $19.50 target price on the stock. Wedbush also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.59 EPS, FY2018 earnings at $1.09 EPS and FY2019 earnings at $1.62 EPS.

AOBC has been the topic of a number of other research reports. ValuEngine upgraded American Outdoor Brands Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research cut American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Vetr upgraded American Outdoor Brands Corporation from a “buy” rating to a “strong-buy” rating and set a $23.03 price target on the stock in a research note on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target (down previously from $20.00) on shares of American Outdoor Brands Corporation in a research note on Friday, September 8th. Finally, Lake Street Capital dropped their price target on American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.68.

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

A number of hedge funds have recently bought and sold shares of AOBC. Nationwide Fund Advisors bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $681,000. Russell Investments Group Ltd. bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $1,283,000. Wells Fargo & Company MN bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $7,718,000. Great West Life Assurance Co. Can bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $105,000. Finally, State Board of Administration of Florida Retirement System bought a new position in American Outdoor Brands Corporation during the 1st quarter worth $815,000. Hedge funds and other institutional investors own 72.53% of the company’s stock.

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)

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