Monday, 10 December, 2018

Brokers Set Expectations for American Outdoor Brands Corp's Q3 2018 Earnings (AOBC)

Smith and Wesson guns Third quarter sales were down 32% versus the previous year
Nellie Chapman | 03 March, 2018, 03:31

The price to earnings ratio for American Outdoor Brands Corporation (NasdaqGS:AOBC) is 7.955889.

AOB, formerly known as Smith and Wesson, saw its share price collapse as it reported a $4.7m profit over the quarter compared with $37.6m a year earlier. Cowen and Company and Wedbush also cut their price targets to $12 and $13, respectively.

American Outdoor Brands Corp (NASDAQ:AOBC)'s trailing twelve month revenues are $740.2 Million, whereas its price to sales ratio for the same period is 0.7.

A number of brokerages have recently commented on AOBC.

American Outdoor Brands Corporation designs, makes, and sells firearms worldwide. The weak quarterly performance came despite strong Black Friday.

American Outdoor Brands posted lousy earnings Thursday, as the gun industry continues to suffer. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. American Outdoor Brands has a consensus rating of "Hold" and an average price target of $18.30.

American Outdoor Brands (NASDAQ:AOBC) updated its fourth quarter earnings guidance on Thursday. The stock exchanged hands 2.94 Million shares versus average trading capacity of 1.82 Million shares. American Outdoor set a new 52-week intraday low of $8.87 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.91 and a debt-to-equity ratio of 0.52. The stock has a market cap of $487.03, a PE ratio of 8.33, a PEG ratio of 1.07 and a beta of -0.24.

On the other hand American Outdoor Brands Corp (NASDAQ:AOBC) has Relative Strength Index (RSI 14) of 31.9 along with Average True Range (ATR 14) of 0.54.

COPYRIGHT VIOLATION NOTICE: "American Outdoor Brands (AOBC) Receives News Sentiment Rating of 0.27" was originally reported by Marea Informative and is owned by of Marea Informative. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%.

Net sales were down 32.6 percent to $157.4 million compared with $233.5 million for the third quarter previous year. Forward View lowered American Outdoor Brands from a "buy" rating to a "hold" rating in a research note on Sunday, December 10th. Voya Investment Management LLC grew its holdings in American Outdoor Brands by 9.0% during the second quarter. Victory Capital Management Inc. boosted its stake in shares of American Outdoor Brands by 72.3% in the third quarter. Warren wants the fund companies to pressure the gun manufacturers to impose their own age restrictions and waiting periods as well as invest in developing guns that are safer. The company was maintained on Friday, June 2 by Jefferies. Royce & Associates LP boosted its position in American Outdoor Brands by 13.4% in the 3rd quarter. The support line generally displays the lowest price that investors will let a stock trade.

In related news, Director Robert H. Brust sold 3,802 shares of the company's stock in a transaction dated Tuesday, December 19th. Following the transaction, the director now directly owns 8,526 shares of the company's stock, valued at $119,108.22. If you are reading this news story on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark laws.

Analysts expect American Outdoor Brands Corporation (NASDAQ:AOBC) to report $0.09 EPS on March, 1.They anticipate $0.57 EPS change or 86.36% from last quarter's $0.66 EPS. Lower shipments in our firearms business were driven by a reduction in wholesaler and retailer orders versus the prior year, and were partially offset by double-digit revenue growth within our Outdoor Products and Accessories segment.