American Outdoor Brands (AOBC) Releases FY18 Earnings Guidance

American Outdoor Brands (AOBC) Releases FY18 Earnings Guidance

American Outdoor Brands (AOBC) Releases FY18 Earnings Guidance

Currently American Outdoor Brands Corporation (NASDAQ:AOBC)'s shares owned by insiders are 2.20%, whereas shares owned by institutional owners are 73.40%.

They now have a $11.00 target price per share on American Outdoor Brands (NDAQ:AOBC). Craig Hallum lowered their target price on American Outdoor Brands from $23.00 to $15.00 and set a hold rating on the stock in a report on Friday, September 8th.

The shares of AOBC are falling after the firearm stock issued a grim outlook for its fiscal third quarter, effectively overshadowing a second-quarter earnings beat. American Outdoor Brands Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Scott Robert L has sold 10,000 shares of American Outdoor Brands Corporation (AOBC) in trading session dated Jun. 02, 2017. Wedbush set a $20.00 price objective on shares of American Outdoor Brands and gave the company a "buy" rating in a report on Friday. Zacks Investment Research downgraded shares of American Outdoor Brands from a "hold" rating to a "sell" rating in a research note on Tuesday, September 5th.

TRADEMARK VIOLATION NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact American Outdoor Brands (AOBC) Stock Price" was reported by Week Herald and is the sole property of of Week Herald.

Several analysts have released their opinion on American Outdoor Brands Corporation (NASDAQ:AOBC), with 4 analysts believing it is a strong buy.

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Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 18.45, and a price to sales ratio of 95.43.

But the biggest concern for investors today is American Outdoor Brands' dismal forward guidance. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41. American Outdoor is now down by 11.8 percent after hitting its lowest intraday level in well over two years. American Outdoor Brands Corporation (NASDAQ:AOBC) has 0.00% since December 8, 2016 and is. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. The business had revenue of $148.40 million for the quarter, compared to the consensus estimate of $142.10 million.

As of Oct 31, 2017, American Outdoor Brands' cash and cash equivalents were $68.2 million compared with $61.5 million as of April 30, 2017.

Net income in the quarter plummeted 90.1% to $3.2 million or 6 cents per diluted share from $32.5 million or 57 cents in the same quarter past year. PNC Financial Services Group Inc. bought a new position in American Outdoor Brands Corp during the first quarter worth approximately $110,000. And finally, American Outdoor Brands will continue establishing its new distribution center, consolidating its warehouse footprint to leave the company better positioned to serve its customers over the long term. Oak Hill Capital Management Llc owns 2.48 million shares or 27.13% of their U.S. portfolio. If you are reading this piece on another publication, it was illegally copied and republished in violation of U.S. and worldwide copyright & trademark law.

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. "Lower shipments in our Firearms business reflected a significant reduction in wholesaler and retailer orders versus the prior year, and were partially offset by higher revenue in our Outdoor Products & Accessories business".

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