American Outdoor Brands Corp (NASDAQ:AOBC) – Research analysts at Wedbush reduced their FY2019 earnings per share estimates for American Outdoor Brands in a report released on Friday. Wedbush analyst J. Hardiman now anticipates that the company will earn $1.38 per share for the year, down from their previous forecast of $1.56. Wedbush has a “Buy” rating and a $20.00 price objective on the stock.

Several other equities analysts have also issued reports on AOBC. Aegis reissued a “buy” rating and issued a $25.00 price target on shares of American Outdoor Brands in a report on Monday, August 21st. ValuEngine raised shares of American Outdoor Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Ifs Securities started coverage on shares of American Outdoor Brands in a report on Friday, September 1st. They issued an “outperform” rating and a $21.00 price target for the company. Zacks Investment Research lowered shares of American Outdoor Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Finally, Cowen reissued a “buy” rating and issued a $19.00 price target (down previously from $27.00) on shares of American Outdoor Brands in a report on Friday, September 8th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $19.37.

Shares of American Outdoor Brands (NASDAQ AOBC) traded down $1.42 during mid-day trading on Monday, hitting $13.51. 13,368,000 shares of the stock traded hands, compared to its average volume of 1,471,555. American Outdoor Brands has a one year low of $12.46 and a one year high of $24.49. The firm has a market cap of $731.08, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.45 and a beta of -0.13. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52.

American Outdoor Brands (NASDAQ:AOBC) last released its earnings results on Thursday, December 7th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%. The firm had revenue of $148.40 million during the quarter, compared to analyst estimates of $142.10 million. The business’s quarterly revenue was down 36.5% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. lifted its position in American Outdoor Brands by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after acquiring an additional 65 shares in the last quarter. Suntrust Banks Inc. lifted its position in American Outdoor Brands by 1.7% in the 2nd quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock valued at $303,000 after acquiring an additional 226 shares in the last quarter. QCI Asset Management Inc. NY lifted its position in American Outdoor Brands by 3.1% in the 2nd quarter. QCI Asset Management Inc. NY now owns 33,400 shares of the company’s stock valued at $741,000 after acquiring an additional 1,000 shares in the last quarter. Rhumbline Advisers lifted its position in American Outdoor Brands by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock valued at $1,343,000 after acquiring an additional 1,000 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in American Outdoor Brands by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,111 shares of the company’s stock valued at $955,000 after acquiring an additional 1,039 shares in the last quarter. 71.59% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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