Equities Analysts Offer Predictions for American Outdoor Brands Corp’s Q2 2018 Earnings (AOBC)

American Outdoor Brands Corp (NASDAQ:AOBC) – Wedbush decreased their Q2 2018 earnings per share (EPS) estimates for 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 prior forecast of $0.08. Wedbush has a “Outperform” rating and a $19.50 price objective 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.

AOBC has been the topic of several other reports. ValuEngine raised American Outdoor Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised American Outdoor Brands from a “sell” rating to a “hold” rating in a research report on Monday, November 27th. Vetr raised American Outdoor Brands from a “buy” rating to a “strong-buy” rating and set a $23.03 price objective on the stock in a research report on Monday, August 7th. Jefferies Group reaffirmed a “hold” rating and issued a $17.00 price objective (down from $20.00) on shares of American Outdoor Brands in a research report on Friday, September 8th. Finally, Lake Street Capital lowered their price objective on American Outdoor Brands from $17.00 to $13.00 and set a “hold” rating on the stock in a research report on Friday, September 8th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. American Outdoor Brands currently has a consensus rating of “Buy” and an average price target of $19.68.

American Outdoor Brands (NASDAQ:AOBC) traded up $0.48 during mid-day trading on Monday, reaching $14.08. The company had a trading volume of 1,312,700 shares, compared to its average volume of 1,404,626. The company has a market cap of $764.12, a PE ratio of 7.05, a PEG ratio of 0.84 and a beta of -0.13. American Outdoor Brands has a fifty-two week low of $12.87 and a fifty-two week high of $24.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.63 and a quick ratio of 0.80.

American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings data on Thursday, September 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.09). The business had revenue of $129.02 million during the quarter, compared to the consensus estimate of $147.24 million. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%. The business’s revenue was down 37.7% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. lifted its holdings in shares of American Outdoor Brands by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 24,941 shares of the company’s stock valued at $553,000 after buying an additional 65 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of American Outdoor Brands by 1.7% during the 2nd quarter. Suntrust Banks Inc. now owns 13,698 shares of the company’s stock valued at $303,000 after buying an additional 226 shares during the period. First Manhattan Co. lifted its holdings in shares of American Outdoor Brands by 0.7% during the 2nd quarter. First Manhattan Co. now owns 73,959 shares of the company’s stock valued at $1,638,000 after buying an additional 545 shares during the period. QCI Asset Management Inc. NY raised its holdings 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 worth $741,000 after purchasing an additional 1,000 shares during the period. Finally, Rhumbline Advisers raised its holdings in American Outdoor Brands by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 60,612 shares of the company’s stock worth $1,343,000 after purchasing an additional 1,000 shares during the period. 71.59% of the stock is currently owned by hedge funds and other institutional investors.

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American Outdoor Brands 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.

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

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