Q3 2018 EPS Estimates for American Outdoor Brands Corporation (AOBC) Reduced by Analyst

American Outdoor Brands Corporation (NASDAQ:AOBC) – Stock analysts at Forward View lowered their Q3 2018 earnings per share (EPS) estimates for American Outdoor Brands Corporation in a research note issued to investors on Tuesday. Forward View analyst F. Campbell now anticipates that the company will post earnings of $0.48 per share for the quarter, down from their prior estimate of $0.64. Forward View currently has a “Buy” rating on the stock. Forward View also issued estimates for American Outdoor Brands Corporation’s Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.54 EPS and Q4 2019 earnings at $0.48 EPS.

A number of other brokerages have also weighed in on AOBC. Ifs Securities initiated coverage on shares of American Outdoor Brands Corporation in a report on Friday, September 1st. They issued an “outperform” rating and a $21.00 price target on the stock. Zacks Investment Research lowered shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Cowen and Company lifted their price target on shares of American Outdoor Brands Corporation from $24.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, June 30th. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, July 7th. Finally, Lake Street Capital decreased their price target on shares of American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.37.

TRADEMARK VIOLATION NOTICE: “Q3 2018 EPS Estimates for American Outdoor Brands Corporation (AOBC) Reduced by Analyst” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/09/13/q3-2018-eps-estimates-for-american-outdoor-brands-corporation-aobc-reduced-by-analyst.html.

Shares of American Outdoor Brands Corporation (NASDAQ AOBC) traded down 0.57% during mid-day trading on Wednesday, reaching $13.93. The company’s stock had a trading volume of 746,603 shares. The company has a market capitalization of $750.62 million, a price-to-earnings ratio of 6.19 and a beta of 0.11. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57. The firm’s 50 day moving average price is $18.48 and its 200-day moving average price is $20.72.

American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its earnings results on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Corporation had a net margin of 10.96% and a return on equity of 27.91%. The firm’s revenue for the quarter was down 37.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS.

Several hedge funds have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of American Outdoor Brands Corporation 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 during the period. Suntrust Banks Inc. raised its stake in shares of American Outdoor Brands Corporation 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 during the period. Public Employees Retirement System of Ohio raised its stake in shares of American Outdoor Brands Corporation by 1.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 25,847 shares of the company’s stock valued at $512,000 after acquiring an additional 460 shares during the period. First Manhattan Co. raised its stake in shares of American Outdoor Brands Corporation by 0.7% in the 2nd quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock valued at $1,638,000 after acquiring an additional 545 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of American Outdoor Brands Corporation 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 during the period. 72.61% of the stock is currently owned by institutional investors and hedge funds.

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)

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.

Latest News

Leave a Reply