Smith & Wesson parent American Outdoor Brands to report earnings after stock drop
Investors, especially technical analysts, may use the 52 week range to gauge whether a stock's current price suggests buying, selling, or taking no-action.
Analyst's mean target price for the company is $55.88 while analysts mean suggestion is 2.7. Wedbush also issued estimates for American Outdoor Brands' Q3 2018 earnings at $0.07 EPS, FY2018 earnings at $0.59 EPS and FY2019 earnings at $1.36 EPS.
Why American Outdoor Brands Corporation (AOBC) stock is considered to be Oversold? Finally, Ifs Securities raised shares of American Outdoor Brands from an "outperform" rating to a "strong-buy" rating in a research note on Friday, December 8th. They noted that the move was a valuation call.
American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Neutral" rating given on Wednesday, January 18 by Wedbush.
American Outdoor Brands (NASDAQ:AOBC) last released its quarterly earnings results on Thursday, December 7th. The company has a market cap of $487.03, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.07 and a beta of -0.24. American Outdoor Brands Corp (NASDAQ:AOBC) has trailing twelve month Return on Assets of 7.8%, which is key indicator of how profitable a company is relative to its total assets. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52.
Having a look in a broader way analysts from brokerage firms on the street with an extensive view have high price target of American Outdoor Brands Corp (NASDAQ:AOBC) at $20 and with a conformist view have low price target of $11 while the stock's latest closing price was $9.3. However the low revenue estimates for the company are $170 Million versus high revenue estimates of $175 Million.
The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) is a huge mover today!
Quarterly GAAP net income was $11.4 million, or $0.21 per diluted share, compared with net income of $32.5 million, or $0.57 per diluted share, for the comparable quarter a year ago.
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In related news, Director Robert H. Brust sold 3,802 shares of American Outdoor Brands stock in a transaction dated Tuesday, December 19th. The stock ended last trade at 9.00 a share and the price is up more than -29.91% so far this year. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Royce & Associates LP owned approximately 0.79% of American Outdoor Brands worth $5,516,000 as of its most recent SEC filing.
His comments came as Debney blamed "challenging market conditions" for a dramatic slump in the company's profits and sales. Awm Investment Company Inc. owns 1.56 million shares or 1.67% of their U.S. portfolio. Royce & Associates LP boosted its stake in American Outdoor Brands by 13.4% in the third quarter. The stock price volatility for last week at the close of regular trading was 3.69%, pushing the figure for the whole month to now reaching 2.25%.
Alnylam Pharmaceuticals, Inc. analysts gave 2 buy-equivalent recommendations, 0 sells and 3 holds. Company insiders own 2.31% of the company's stock.
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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.
American Outdoor President and CEO James Debney said there's less demand for firearms and that the company believes this "may continue for some time".
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