ValuEngine upgraded American Outdoor Brands from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Analyst's mean target price for AOBC is $18.93 while analysts mean recommendation is 2.30. Nonetheless, American Outdoor Brands maintained its position as the market leader in both handguns and modern sporting rifles. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.04. For the past 5 years, the company's revenue has grown -28%, while the company's earnings per share has grown -34.7%. The company has a consensus rating of Buy and a consensus price target of $19.37. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.41.
The company's net sales were $148.4 million for the quarter that ended October 31, the Springfield-based firearms giant announced Thursday. Taken at the midpoint, this implies a year-over-year decline of 83% from the $2.25 per share that American Outdoor earned last year, and a current-year valuation of more than 36 times earnings on a stock.with declining earnings. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%.
The stock is well off its high of the a year ago of $24.49 a share recorded in June 2017.
American Outdoor lowered fiscal 2017 revenue forecast in the range of $650 million to $675 million from the earlier estimate of $700 million to $740 million and diluted earnings per share between 57 cents and 67 cents from the earlier estimate of $1.04 to $1.24. About 4.82 million shares traded or 176.16% up from the average.
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Recall that three months ago, American Outdoor Brands suffered a similar post-earnings plunge after its firearm units shipped fell far below expectations, hurt by a wildly successful promotion earlier this year that the company believed pulled shipments forward into the previous quarter. The company's institutional ownership is monitored at 73.4 percent. Royce & Associates LP boosted its holdings in American Outdoor Brands by 13.4% in the third quarter. Stifel Financial Corp now owns 158,073 shares of the company's stock valued at $2,504,000 after purchasing an additional 10,326 shares during the last quarter. And finally, American Outdoor Brands will continue establishing its new distribution center, consolidating its warehouse footprint to leave the company better positioned to serve its customers over the long term. Punch & Associates Investment Management Inc. owns 272,761 shares or 1.33% of their USA portfolio. The rating was maintained by Lake Street on Friday, November 17 with "Hold".
American Outdoor Brands Corporation designs, makes, and sells firearms worldwide.
Let's dig deeper to see what American Outdoor brands achieved over the past few months, as well as what investors should expect from the firearms and outdoor-products specialist in the coming quarters.