Insider Activity of American Outdoor Brands Corporation (NASDAQ:AOBC)

American Outdoor Brands (AOBC) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

It has a 12.3 P/E ratio. The mean target price as estimated by the analysts for the company has been recorded at $18.93. The 1-year low was reported on Dec, 8 by Barchart.com. A score of nine indicates a high value stock, while a score of one indicates a low value stock. The company's 3-months average volume stands at 1.7 million.

Analysts await American Outdoor Brands Corporation (NASDAQ:AOBC) to report earnings on Dec, 07 for the fiscal quarter ending Oct 2017. Over the trailing year, the stock is underperforming the S&P 500 by 16.36, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange.

Among 7 analysts covering American Outdoor Brands (NASDAQ:AOBC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. According to the latest data, the consensus recommendation for American Outdoor Brands Corporation (AOBC) is Outperform. The company has a consensus rating of Buy and a consensus price target of $19.37.

Adjusted for expenses related to the company's purchase of Gemini Technologies, a manufacturer of firearm sound suppressors, American Outdoor Brands reported net income of $6.3 million for the quarter. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a report on Wednesday, August 23rd. Lake Street has "Hold" rating and $13.0 target. The firm earned "Buy" rating on Friday, November 3 by Cowen & Co. The firm has "Hold" rating by Lake Street given on Friday, September 8. As per Friday, June 23, the company rating was maintained by Wunderlich. The company was initiated on Tuesday, February 28 by Jefferies.

Taking a closer look into the volatility on shares of American Outdoor Brands Corporation (:AOBC), we notice that the stock is -1.94% off of the 20-Day Simple Moving Average.

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American Outdoor Brands' quarterly sales plunged 36.4% year over year to $148.4 million, as higher revenue from its outdoor products and accessories segment was more than offset by a steep drop in firearms orders from both wholesalers and retailers. The company has market cap of $729.56 million. 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.

Net income in the quarter plummeted 90.1% to $3.2 million or 6 cents per diluted share from $32.5 million or 57 cents in the same quarter previous year. These shares are worth $240,000 and were traded at $24 each. Capital Bank Financial Corp. It is down 38.66% since December 8, 2016 and is uptrending.

Several equities analysts recently commented on AOBC shares. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The lowest target is $42.0 while the high is $46.0. CBF was included in 3 notes of analysts from October 21, 2016. Schwab Charles Investment Management Inc. now owns 364,298 shares of the company's stock valued at $5,556,000 after purchasing an additional 18,563 shares during the last quarter.

Net loss in the quarter narrowed to $937 million or $2.05 per diluted share from $2.1 billion or $3.63 in the same quarter a year ago. Punch & Associates Investment Management Inc. owns 272,761 shares or 1.33% of their U.S. portfolio. The company provided earnings per share guidance of $0.07-0.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.42.

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