American Outdoor Brands Corporation (AOBC) Lifted to Buy at Forward View

Forward View upgraded shares of American Outdoor Brands Corporation (NASDAQ:AOBC) from a hold rating to a buy rating in a research report released on Tuesday morning. Forward View also issued estimates for American Outdoor Brands Corporation’s Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.48 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.09 EPS, Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.54 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.70 EPS.

Several other research firms have also weighed in on AOBC. Zacks Investment Research lowered American Outdoor Brands Corporation from a hold rating to a sell rating in a report on Friday, June 23rd. Wunderlich reiterated a hold rating and set a $22.00 target price on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. ValuEngine lowered American Outdoor Brands Corporation from a buy rating to a hold rating in a report on Tuesday, June 27th. Wedbush lifted their target price on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the stock a neutral rating in a report on Friday, June 2nd. Finally, Jefferies Group LLC reiterated a hold rating on shares of American Outdoor Brands Corporation in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and an average target price of $19.37.

Shares of American Outdoor Brands Corporation (AOBC) opened at 14.01 on Tuesday. American Outdoor Brands Corporation has a 52 week low of $13.28 and a 52 week high of $28.57. The company has a 50-day moving average price of $17.93 and a 200 day moving average price of $20.59. The stock has a market capitalization of $756.55 million, a P/E ratio of 8.69 and a beta of 0.11.

American Outdoor Brands Corporation (NASDAQ:AOBC) last posted its earnings results on Thursday, September 7th. The company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.09). The business had revenue of $129.02 million for the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The business’s revenue was down 37.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Analysts forecast that American Outdoor Brands Corporation will post $1.15 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Cetera Investment Advisers bought a new stake in shares of American Outdoor Brands Corporation in the second quarter valued at about $1,070,000. Raymond James Financial Services Advisors Inc. lifted its holdings 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 valued at $514,000 after purchasing an additional 92,246 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of American Outdoor Brands Corporation in the second quarter valued at about $108,000. The Manufacturers Life Insurance Company lifted its holdings 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 valued at $955,000 after purchasing an additional 1,039 shares in the last quarter. Finally, State Street Corp lifted its holdings 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 valued at $22,962,000 after purchasing an additional 64,749 shares in the last quarter. Institutional investors own 72.61% 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.

Analyst Recommendations for American Outdoor Brands Corporation (NASDAQ:AOBC)

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