Why American Outdoor Brands Stock Crashed 16.5% This Morning


Smith & Wesson parent company American Outdoor Brands said its third-quarter net sales were down 36.4 percent compared with a year ago, when personal safety concerns and pre-election jitters had consumers buying handguns. The price of AOBC is now at a -21.13% to its one-year price target of 18.93. Wedbush reissued a "neutral" rating on shares of American Outdoor Brands Corp in a research report on Wednesday, January 18th. The rating was maintained by Lake Street with "Hold" on Friday, September 8. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.03, Bloomberg Earnings reports.

As such, American Outdoor Brands now expects full-year revenue in the range of $650 million to $675 million (down from $700 million to $740 million), and adjusted earnings per share of $0.57 to $0.67 (down from $1.04 to $1.24). 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 corporation has a market cap of US$803.98 Million.

In recent action, American Outdoor Brands Corporation (AOBC) has made a move of +8.66% over the past month, which has come on weak relative transaction volume.

COPYRIGHT VIOLATION WARNING: "American Outdoor Brands (AOBC) Updates Q3 Earnings Guidance" was reported by StockNewsTimes and is the property of of StockNewsTimes. Looking at the stock's movement on the chart, American Outdoor Brands Corporation recorded a 52-week high of $24.49.

When thinking about buying shares in a public company, it is useful to gauge the average enthusiasm level of Wall Street analysts for that specific stock.

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Meanwhile, during the same quarter American Outdoor Brands Corporation (AOBC) delivered a 81.33% earnings surprise.

Meanwhile, American Outdoor Brands' gross margin plummeted to 34.2%, down sharply from 41.8% in the same year-ago period. The percentage of shares being held by the company management was 2.2% while institutional stake was 73.4%.

The stock decreased 12.39% or $1.85 during the last trading session, reaching $13.08. American Outdoor Brands earned a media sentiment score of 0.13 on Accern's scale. 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. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. 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. If you are viewing this news story on another website, it was stolen and reposted in violation of USA & global copyright and trademark legislation.

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. It operates in two divisions, Firearms, and Outdoor Products & Accessories.