American Outdoor Brands (NASDAQ:AOBC) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.09-0.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.38. The company issued revenue guidance of $162-166 million, compared to the consensus revenue estimate of $205.87 million.American Outdoor Brands also updated its FY18 guidance to $0.31-0.33 EPS.
Several brokerages have recently issued reports on AOBC. Ifs Securities upgraded American Outdoor Brands from an outperform rating to a strong-buy rating in a report on Friday, December 8th. They noted that the move was a valuation call. Lake Street Capital reiterated a hold rating and set a $11.00 price target (down from $13.00) on shares of American Outdoor Brands in a report on Friday, December 8th. Craig Hallum reduced their price target on American Outdoor Brands from $17.00 to $15.00 and set a hold rating for the company in a report on Friday, December 8th. Wedbush set a $20.00 price target on American Outdoor Brands and gave the company a buy rating in a report on Friday, December 8th. Finally, Cowen reiterated a buy rating and set a $19.00 price target on shares of American Outdoor Brands in a report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $18.30.
American Outdoor Brands (NASDAQ:AOBC) traded up $0.41 on Thursday, reaching $9.41. The company had a trading volume of 2,944,144 shares, compared to its average volume of 1,546,125. American Outdoor Brands has a 12-month low of $8.87 and a 12-month high of $24.49. The company has a current ratio of 1.91, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm has a market cap of $508.14, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.03 and a beta of -0.24.
In related news, Director Robert H. Brust sold 3,802 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total value of $53,113.94. Following the completion of the sale, the director now directly owns 8,526 shares in the company, valued at approximately $119,108.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.31% of the stock is currently owned by insiders.
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.
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