American Outdoor Brands Corp (NASDAQ:AOBC) – Investment analysts at Wedbush decreased their Q2 2018 earnings estimates for shares of American Outdoor Brands in a research note issued to investors on Friday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.08. Wedbush currently has a “Outperform” rating and a $19.50 target price on the stock. Wedbush also issued estimates for American Outdoor Brands’ Q3 2018 earnings at $0.39 EPS, Q4 2018 earnings at $0.56 EPS, FY2018 earnings at $1.02 EPS and FY2019 earnings at $1.56 EPS.
A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, September 5th. Ifs Securities initiated coverage on shares of American Outdoor Brands in a research note on Friday, September 1st. They set an “outperform” rating and a $21.00 target price for the company. Cowen reaffirmed a “buy” rating and set a $19.00 target price (down from $27.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. Lake Street Capital cut their target price on shares of American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating for the company in a research note on Friday, September 8th. Finally, ValuEngine cut shares of American Outdoor Brands from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands currently has an average rating of “Buy” and an average target price of $19.68.
American Outdoor Brands (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 Zacks’ consensus estimate of $0.11 by ($0.09). The firm had revenue of $129.02 million during the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands had a return on equity of 27.91% and a net margin of 10.96%. The business’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new position in American Outdoor Brands during the second quarter valued at $108,000. Pacad Investment Ltd. bought a new position in American Outdoor Brands during the second quarter valued at $122,000. Victory Capital Management Inc. bought a new position in American Outdoor Brands during the second quarter valued at $125,000. Quantbot Technologies LP bought a new position in American Outdoor Brands during the second quarter valued at $156,000. Finally, PNC Financial Services Group Inc. lifted its position in American Outdoor Brands by 34.4% during the second quarter. PNC Financial Services Group Inc. now owns 7,425 shares of the company’s stock valued at $164,000 after purchasing an additional 1,900 shares during the last quarter. 71.59% of the stock is owned by institutional investors.
About American Outdoor Brands
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.
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