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undergroundnewsroom.com January 18, 2018


American Outdoor Brands (AOBC) Updates Q3 Earnings Guidance

09 December 2017, 10:43 | Gordon Grant

Gun maker American Outdoor slashes earnings forecast amid 'challenging market conditions'

Sales down for Smith & Wesson parent company American Outdoor Brands

Ichor Holdings, Ltd. has 25.23 million shares outstanding, and in the last trade has seen ATR around 2.23. About 3.74 million shares traded or 114.53% up from the average. 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. ValuEngine raised American Outdoor Brands from a hold rating to a buy rating in a report on Wednesday, August 23rd. Therefore 43% are positive. Looking at the stock's movement on the chart, American Outdoor Brands Corporation recorded a 52-week high of $24.49. The company presently has an average rating of "Buy" and an average target price of $19.37.

Translation: American Outdoor brands isn't the only firearms manufacturer suffering - and that's nearly certainly why shares of competitor Sturm, Ruger (NYSE: RGR) are also down more than 7% as of this writing. The company has a consensus rating of Buy and a consensus price target of $19.37. The rating was maintained by Lake Street on Friday, November 17 with "Hold". 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 rating was initiated by Jefferies with "Hold" on Tuesday, February 28. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Neutral" rating given on Friday, June 2 by Wedbush.

"In addition, we intend to introduce several exciting new products, and execute on long-term organic growth initiatives that support our vision of being the leading provider of quality products for the shooting, hunting, and rugged outdoor enthusiast". It last reported revenues of $129.02 million and EPS of $0.02 for the July 2017, representing -38% top-line growth and 0.62 EPS growth.

"Lower shipments in our firearms business reflected a significant reduction in wholesaler and retailer orders versus the prior year, and were partially offset by higher revenue in our Outdoor Products & Accessories business", Debney said. It has a 7.97 P/E ratio.

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The stock increased 4.85% or $0.69 during the last trading session, reaching $14.93.

Total operating income during the quarter was $8 million, down from $52.2 million in the year-ago quarter. This has been shown in an analyst note on 8 December. They issued an "outperform" rating and a $21.00 price objective for the company. Recently, analysts have updated the overall rating to 2.25. Wunderlich maintained the stock with "Hold" rating in Friday, June 23 report. However, their relatively high multiples do not necessarily mean their stocks are overpriced and not good buys for the long term.

Bernzott Capital Advisors holds 3.85% of its portfolio in Landauer, Inc. for 447,156 shares. 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. Moreover, Fsi Group Llc has 13.52% invested in the company for 659,134 shares. The forecast of 1 surveyed investment analysts covering the stock advises investors to Buy stake in the company.



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