undergroundnewsroom.com March 21, 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.

Embattled Michigan Rep. John Conyers announces retirement
Conyers has denied all the allegations, and on Tuesday, wrote the accusations off as "politics". A few days later, she finally stated she believed Conyers should resign.

Tennessee hires Jeremy Pruitt as next head coach
Jeremy Pruitt is set to receive a significant pay raise after agreeing to a six-year deal to become Tennessee's head coach. December 7 marked the end of a college football coaching search that even the most creative minds could not cook up.

Ryan Zinke Recommends Trump Change 10 National Monuments
Last December, former President Barack Obama set aside the large swath of land northeast of Las Vegas at the urging of former Sen. Trump characterized the changes to Bears Ears and Grand Staircase-Escalante as "restoring the rights of this land" to citizens.

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.

Other News

Trending Now

Soulcalibur VI Gets First Details Following Game Awards Announcement
Now the fact that the game has VI in the title means it is a continuation of the franchise, so it might not be a direct reboot. The weapons and character roster is apparently "stellar" and even more so when "combined with a simple control layout".

Twitter reacts to Sen. Al Franken's resignation announcement
Dayton said he would make his appointment "in a couple of days". "And that means Senator Franken should step down". Al Franken announced his resignation from the Senate on Thursday amid multiple allegations of sexual misconduct.

Supreme Court declines to hear Texas same-sex marriage benefits case
All three sat in the third row of the court's public section for the roughly 85-minute oral argument inside the packed courtroom. Phillips, 61, owner of Masterpiece Cakeshop , is fighting for the rights of "creative artists" to choose what they will sell.

NHL Agrees to Consider Seattle Expansion Proposal
Bettman said the expansion fee has been set at $650 million for Seattle, which would become the league's 32nd team, if approved. Bettman added relocation of an existing team could also be an option, but not one the league is considering at the moment.

Health experts expect strong flu season
The flu virus is spread through droplets of saliva and mucus from the nose and mouth of someone who coughs or sneezes. Across all the strains for which it was produced, the vaccine was about 33 percent effective in Australia.

Top UN official meets North Korean Foreign Minister
Feltman's visit to the North was made known in Pyongyang's state media on Friday, South Korean television network SBS reported. Such ties with North Korea include military training, and the import and export of weapons.

Gale Warning For Irish Coastal Waters Ahead Of Storm Caroline's Passage
Forecasters have warned that Scotland will be battered by gale-force winds and "blizzard conditions" later this week. As the storm moved away from the United Kingdom and towards Scandinavia on Friday it would be followed by cold air.

There's "No Chance" LiAngelo Ball Gets Drafted In June — NBA GMs
The ones who got it right, they're rolling with the Big Baller Brand. "I ain't got no fallback plan". LaVar Ball , LiAngelo's father, told ESPN that it was his decision to pull his son out of UCLA.

Messi demands Argentina improvement ahead of World Cup
The mercurial playmaker was aware of Argentina's complications and conceeded that there are better teams in the competition. People get exhausted and want to see new faces and new things in the National Team. " We went through a tough spell .

Police identify victims of school shooting
According to San Juan County Sheriff's Office, the victims were identified as Casey Jordan-Marquez and Francisco "Paco" Fernandez. Kyle Lincoln from the San Juan County Sheriff Department then helped clear the building and actively searched the school.