The American Outdoor Brands Corp Forecasted to Earn Q1 2018 Earnings of $0.31 Per Share (AOBC)

The American Outdoor Brands Corp Forecasted to Earn Q1 2018 Earnings of $0.31 Per Share (AOBC)

American Outdoor Brands Corp (NASDAQ:AOBC) – Equities research analysts at Wedbush issued their Q1 2018 EPS estimates for shares of American Outdoor Brands Corp in a research report issued to clients and investors on Friday. Wedbush analyst J. Hardiman expects that the company will post earnings of $0.31 per share for the quarter. Wedbush has a “Neutral” rating and a $23.00 price target on the stock. Wedbush also issued estimates for American Outdoor Brands Corp’s Q2 2018 earnings at $0.37 EPS and Q4 2018 earnings at $0.54 EPS.

American Outdoor Brands Corp (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, March 2nd. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. American Outdoor Brands Corp had a return on equity of 44.96% and a net margin of 15.15%. The firm had revenue of $233.50 million during the quarter, compared to the consensus estimate of $235.06 million. During the same period last year, the business posted $0.59 EPS. The business’s revenue was up 10.8% compared to the same quarter last year.

Several other brokerages also recently commented on AOBC. Jefferies Group LLC lowered their price objective on shares of American Outdoor Brands Corp to $20.00 in a research note on Friday, March 3rd. Wunderlich reaffirmed a “hold” rating on shares of American Outdoor Brands Corp in a research note on Monday, March 6th. Zacks Investment Research raised shares of American Outdoor Brands Corp from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Vetr downgraded shares of American Outdoor Brands Corp from a “buy” rating to a “hold” rating and set a $21.24 price objective for the company. in a research note on Monday, April 10th. Finally, Bank of America Corp reaffirmed a “hold” rating and set a $17.00 price objective (down from $22.00) on shares of American Outdoor Brands Corp in a research note on Monday, March 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $23.16. Shares of American Outdoor Brands Corp (NASDAQ:AOBC) opened at 23.74 on Monday. The firm’s 50-day moving average price is $22.11 and its 200-day moving average price is $21.04. American Outdoor Brands Corp has a one year low of $17.50 and a one year high of $31.19. The firm has a market capitalization of $1.34 billion, a P/E ratio of 9.99 and a beta of 0.75.

Institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new position in shares of American Outdoor Brands Corp during the first quarter valued at about $6,820,000. Skylands Capital LLC bought a new position in shares of American Outdoor Brands Corp during the first quarter valued at about $2,433,000. Canada Pension Plan Investment Board bought a new position in shares of American Outdoor Brands Corp during the first quarter valued at about $636,000. Icon Advisers Inc. Co. bought a new position in shares of American Outdoor Brands Corp during the first quarter valued at about $412,000. Finally, Adams Diversified Equity Fund Inc. bought a new position in shares of American Outdoor Brands Corp during the first quarter valued at about $1,048,000. Institutional investors own 74.02% of the company’s stock. About American Outdoor Brands Corp

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:AOBC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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