American Outdoor Brands Corporation (NASDAQ:AOBC) – Equities research analysts at Wedbush upped their Q1 2018 earnings per share estimates for American Outdoor Brands Corporation in a research note issued on Monday. Wedbush analyst J. Hardiman now anticipates that the company will post earnings per share of $0.13 for the quarter, up from their previous forecast of $0.12. Wedbush has a “Neutral” rating and a $23.00 price objective on the stock. Wedbush also issued estimates for American Outdoor Brands Corporation’s Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.68 EPS.

American Outdoor Brands Corporation (NASDAQ:AOBC) last issued its quarterly earnings results on Thursday, June 29th. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.19. American Outdoor Brands Corporation had a net margin of 13.87% and a return on equity of 37.76%. The company had revenue of $229.20 million for the quarter, compared to the consensus estimate of $210.82 million. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

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Several other analysts also recently issued reports on the company. Vetr raised American Outdoor Brands Corporation from a “hold” rating to a “buy” rating and set a $23.59 price target on the stock in a report on Wednesday, May 10th. Zacks Investment Research raised American Outdoor Brands Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $20.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, June 30th. Wunderlich reissued a “hold” rating and issued a $22.00 price target on shares of American Outdoor Brands Corporation in a report on Friday, June 23rd. Finally, Cowen and Company raised their price target on American Outdoor Brands Corporation from $24.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, June 30th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. American Outdoor Brands Corporation has a consensus rating of “Hold” and a consensus target price of $23.50.

American Outdoor Brands Corporation (NASDAQ AOBC) opened at 16.98 on Wednesday. The firm has a market cap of $914.97 million, a P/E ratio of 7.55 and a beta of 0.01. American Outdoor Brands Corporation has a one year low of $16.93 and a one year high of $30.08. The company has a 50-day moving average of $20.00 and a 200 day moving average of $20.94.

A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC acquired a new stake in American Outdoor Brands Corporation during the second quarter valued at approximately $108,000. Great West Life Assurance Co. Can acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $105,000. Envestnet Asset Management Inc. acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $107,000. O Shaughnessy Asset Management LLC acquired a new stake in American Outdoor Brands Corporation during the first quarter valued at approximately $108,000. Finally, Pacad Investment Ltd. acquired a new stake in American Outdoor Brands Corporation during the second quarter valued at approximately $122,000. Hedge funds and other institutional investors own 72.61% of the company’s stock.

In related news, Director Robert L. Scott sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $24.00, for a total value of $240,000.00. Following the sale, the director now owns 57,448 shares of the company’s stock, valued at approximately $1,378,752. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.31% of the company’s stock.

American Outdoor Brands Corporation 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.

Earnings History and Estimates for American Outdoor Brands Corporation (NASDAQ:AOBC)

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