Published: Sat, December 09, 2017
Business | By Max Garcia

American Outdoor Brands (AOBC) Releases FY18 Earnings Guidance

American Outdoor Brands (AOBC) Releases FY18 Earnings Guidance

Lake Street maintained American Outdoor Brands Corporation (NASDAQ:AOBC) rating on Friday, November 17. They set an outperform rating and a $21.00 target price on the stock.

Other equities research analysts have also issued reports about the stock. American Outdoor Brands has $2700 highest and $13.0 lowest target.

Share prices for American Outdoor Brands plummeted 14 percent in after hours trading Thursday. Cowen reiterated a "buy" rating and issued a $19.00 price objective on shares of American Outdoor Brands in a report on Friday. Finally, Forward View raised shares of American Outdoor Brands from a "hold" rating to a "buy" rating in a report on Tuesday, September 12th. Analyst's mean target price for WLB is $3.83 while analysts mean recommendation is 2.00.

They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. Can bought a new position in American Outdoor Brands Corp during the first quarter worth approximately $105,000.

The ability of a company to meet up with its short-term obligations and be able to clear its longer-term debts is measured using Liquidity and leverage ratios.

American Outdoor Brands Corp (NASDAQ:AOBC)'s revenue estimates for the current quarter are $142.18 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $146.2 Million in contradiction of low revenue estimates of $132.5 Million.

The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Hold" rating given on Thursday, June 22 by Wunderlich. The company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.04. This public company's current market capitalization stands at $770.06 million. American Outdoor Brands had a net margin of 10.96% and a return on equity of 27.91%.

American Outdoor Brands Corporation (:AOBC)'s current average broker recommendation is 1.88 with 5 brokers rating it a "Strong Buy/Buy".

As such, it's possible that some of the recent call buyers may have been AOBC short sellers hedging their bets ahead of earnings. Ladenburg Thalmann Financial Services Inc. boosted its holdings in American Outdoor Brands by 11.7% in the third quarter.

"Total revenue for the quarter faced a challenging comparison to previous year, when we believe strong consumer demand was driven by personal safety concerns and pre-election fears of increased firearm legislation", said CEO James Debney, in a statement. The percentage of shares being held by the company management was 2.2% while institutional stake was 73.4%. The company had said it expected break-even results to up to 5 cents in earnings.

Triumph Group Inc.'s TGI adjusted earnings from continuing operations in second-quarter fiscal 2018 (ended Sep 30) came in at 52 cents per share, reflecting a decline of 48% from $1.00 per share a year ago. If you are accessing this story on another website, it was stolen and reposted in violation of United States & worldwide copyright & trademark legislation.

Including today's unusual volume, American Outdoor Brands Corporation's stock is performing at -29.17% on the year. The Company operates through two segments.

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