Press coverage about American Outdoor Brands Corporation (NASDAQ:AOBC) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Outdoor Brands Corporation earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6623734112398 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- Sociedad Quimica y Minera de Chile SA, (NYSE: SQM), Mitsubishi UFJ Financial Group, Inc., (NYSE: MTU), Bloomin … – Stocks In The News (press release) (tradingnewsnow.com)
- American Outdoor Brands Corporation® Second Quarter Fiscal … – Markets Insider (markets.businessinsider.com)
- $141.83 Million in Sales Expected for American Outdoor Brands Corporation (AOBC) This Quarter (americanbankingnews.com)
- Is the Gun Market’s Recovery Based Overseas? – Madison.com (host.madison.com)
- American Outdoor Brands: ‘Earnings’ Expectations – Seeking Alpha (seekingalpha.com)
Shares of American Outdoor Brands Corporation (NASDAQ:AOBC) opened at $13.48 on Thursday. The company has a market cap of $725.78, a P/E ratio of 6.96, a P/E/G ratio of 0.80 and a beta of -0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.80 and a current ratio of 1.63. American Outdoor Brands Corporation has a 52 week low of $12.87 and a 52 week high of $24.60.
American Outdoor Brands Corporation (NASDAQ:AOBC) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.09). The business had revenue of $129.02 million for the quarter, compared to analysts’ expectations of $147.24 million. American Outdoor Brands Corporation had a net margin of 10.96% and a return on equity of 27.91%. The business’s quarterly revenue was down 37.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. research analysts predict that American Outdoor Brands Corporation will post 1.12 earnings per share for the current fiscal year.
AOBC has been the topic of several research reports. Ifs Securities started coverage on shares of American Outdoor Brands Corporation in a report on Friday, September 1st. They set an “outperform” rating and a $21.00 price objective on the stock. Zacks Investment Research lowered shares of American Outdoor Brands Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, September 5th. Craig Hallum restated a “hold” rating and issued a $17.00 target price on shares of American Outdoor Brands Corporation in a report on Wednesday, September 20th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 target price (down previously from $20.00) on shares of American Outdoor Brands Corporation in a report on Friday, September 8th. Finally, Lake Street Capital lowered their target price on shares of American Outdoor Brands Corporation from $17.00 to $13.00 and set a “hold” rating on the stock in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $19.68.
About American Outdoor Brands Corporation
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. The Company operates through two segments. 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.
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