American Outdoor Brands (AOBC) Releases Q4 Earnings Guidance

by Olga Hunt March 3, 2018, 0:32
American Outdoor Brands (AOBC) Releases Q4 Earnings Guidance

Company insiders own 2.31% of the company's stock. The company said the three companies make up 0.01 percent of its index equity products. American Outdoor Brands had a net margin of 8.27% and a return on equity of 19.29%.

U.S. gunmaker American Outdoor Brands said Thursday that retailer bans on assault-style weapons would have minimal impact on profits, but warned that firearms demand remained sluggish amid a gun glut. The weak quarterly performance came despite strong Black Friday.

American Outdoor Brands Corporation institutional ownership is held at 77% while insider ownership was 1.1%.

Net sales were down 32.6 percent to $157.4 million compared with $233.5 million for the third quarter a year ago.

American Outdoor Brands Corp (NASDAQ:AOBC) has an ABR of 2 which is the combined stock view of 8 analysts poll results. American Outdoor Brands Corporation, belongs to Industrial Goods sector and Aerospace/Defense Products & Services industry. The stock increased 4.56% or $0.41 during the last trading session, reaching $9.41. "At the same time, we will continue to invest in our new distribution center and important strategic initiative design to lower overall cost structure and harvest energies from acquisitions". The company has a market capitalization of $487.03, a PE ratio of 8.63, a PEG ratio of 1.00 and a beta of 0.05.

On the other hand the company has Relative Strength Index (RSI 14) of 25.23 along with Average True Range (ATR 14) of 0.52, Consequently American Outdoor Brands Corp (NASDAQ:AOBC)'s weekly and monthly volatility is 6.22%, 5.13% respectively. Cowen reiterated a "buy" rating and issued a $19.00 target price on shares of American Outdoor Brands in a report on Friday, December 8th. After $-0.21 actual EPS reported by Aratana Therapeutics, Inc. for the previous quarter, Wall Street now forecasts 9.52% negative EPS growth. However the company reported $0.66 earnings per share for the same quarter during a year ago. SG Americas Securities LLC grew its stake in American Outdoor Brands by 356.4% during the 3rd quarter.

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Affinor Growers Inc., a farming technology company, engages in designing, patenting, and commercializing vertical farming technology for indoor controlled environment and outdoor greenhouse agriculture industry in North America. Accern also gave press coverage about the company an impact score of 46.4189694252815 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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In related news, Director Robert H. Brust sold 3,802 shares of the company's stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $13.97, for a total transaction of $53,113.94. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) hit a new 52-week low and has $8.53 target or 6.00 % below today's $9.07 share price.

"Over the past two weeks, we have reached out to our clients to help them understand their exposure to civilian firearms companies", BlackRock said. Brands in the Firearms segment include Smith & Wesson, M&P, Thompson/Center Arms and Gemtech.

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