American Outdoor Brands Corporation (AOBC)

Sales down for Smith & Wesson parent company American Outdoor Brands

Sales down for Smith & Wesson parent company American Outdoor Brands

American Outdoor Brands Corporation (AOBC) has had a 20-day average volume of 1,173,840 shares, with an average of 20% of short term indicators pointed at Buy. The company's stock had a trading volume of 349,873 shares, compared to its average volume of 1,010,000. Cowen restated a "buy" rating and issued a $19.00 target price (down from $27.00) on shares of American Outdoor Brands in a research note on Friday, September 8th. BlackRock Fund Advisors is the second biggest holder with 4 million shares now valued at 55.79 million whilst Invesco Advisers, Inc has 2 million shares valued at 48.45 million. The stock exchanged hands 1.96 Million shares versus average trading capacity of 1.69 Million shares, yielding a market cap of $770.06 Million.

The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) is a huge mover today! Jefferies initiated American Outdoor Brands Corporation (NASDAQ:AOBC) on Tuesday, February 28 with "Hold" rating. Lake Street maintained American Outdoor Brands Corporation (NASDAQ:AOBC) on Friday, November 17 with "Hold" rating. The company's beta value is at -0.12. The consensus mean EPS for the current quarter is at $0.07 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. During the same quarter in the previous year, the company posted $0.66 earnings per share. sell-side analysts expect that American Outdoor Brands will post 1.12 earnings per share for the current fiscal year.

American Outdoor Brands Corp (NASDAQ:AOBC)'s trailing twelve month revenues are $825.3 Million, whereas its price to sales ratio for the same period is 0.93. The rating was maintained by Wunderlich on Thursday, June 22 with "Hold".

American Outdoor Brands (NASDAQ:AOBC) last issued its earnings results on Thursday, September 7th.

In the past 52-week period, shares of American Outdoor Brands Corporation (NASDAQ:AOBC) have moved within the range of $12.87 to $24.49. Cowen reissued a buy rating and issued a $19.00 price target (down from $27.00) on shares of American Outdoor Brands in a report on Friday, September 8th.

Looking forward, for the quarter ending Apr-17, 8 analysts have a mean sales target of 211.17 million. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.09).

Several large investors have recently modified their holdings of AOBC. Victory Capital Management Inc. purchased a new position in shares of American Outdoor Brands during the second quarter worth $125,000.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and global copyright and trademark laws. The Company operates through two segments.

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 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 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"}); To view Vetr's full report, visit Vetr's official website.