American Outdoor Brands Corporation (NASDAQ:AOBC) Upgraded by Forward View to Buy

American Outdoor Brands Corporation (NASDAQ:AOBC) was upgraded by research analysts at Forward View from a “hold” rating to a “buy” rating in a research note issued on Tuesday, September 12th. 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.

A number of other brokerages have also recently issued reports on AOBC. Zacks Investment Research cut 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 issued 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 research report on Tuesday, June 27th. Jefferies Group LLC reissued a “hold” rating on shares of American Outdoor Brands Corporation in a research report on Friday, June 2nd. Finally, Wedbush increased their price target on American Outdoor Brands Corporation from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, June 2nd. One 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 stock. American Outdoor Brands Corporation has an average rating of “Hold” and an average target price of $19.37.

American Outdoor Brands Corporation (AOBC) opened at 15.16 on Tuesday. The company has a market cap of $818.66 million, a price-to-earnings ratio of 9.40 and a beta of 0.11. The company’s 50-day moving average is $17.43 and its 200 day moving average is $20.51. American Outdoor Brands Corporation has a 1-year low of $13.28 and a 1-year high of $28.57.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued 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). American Outdoor Brands Corporation had a return on equity of 27.91% and a net margin of 10.96%. The firm had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. American Outdoor Brands Corporation’s revenue for the quarter was down 37.7% on a year-over-year basis. On average, equities analysts predict that American Outdoor Brands Corporation will post $1.15 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “American Outdoor Brands Corporation (NASDAQ:AOBC) Upgraded by Forward View to Buy” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://stocknewstimes.com/2017/09/22/american-outdoor-brands-corporation-aobc-lifted-to-buy-at-forward-view.html.

Institutional investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board purchased a new stake in shares of American Outdoor Brands Corporation during the 1st quarter valued at $636,000. Ameriprise Financial Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the 1st quarter valued at $515,000. Principal Financial Group Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the 1st quarter valued at $1,200,000. USA Mutuals Advisors Inc. purchased a new stake in shares of American Outdoor Brands Corporation during the 1st quarter valued at $9,905,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of American Outdoor Brands Corporation during the 1st quarter valued at $815,000. 72.53% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations 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