|Bid||5.95 x 4000|
|Ask||6.27 x 2200|
|Day's Range||5.96 - 6.15|
|52 Week Range||5.67 - 15.83|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||40.26|
|Earnings Date||Dec 4, 2019 - Dec 9, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.13|
Shares of Sturm Ruger & Co. and Smith & Wesson parent American Outdoor Brands Corp. rose Friday, putting them on track to snap relatively long streaks this year, after rival firearm maker Colt indicated it would stop manufacturing "modern sporting rifles"\--Colt makes AR-15 assault rifles--for the consumer market the foreseeable future. Colt said Thursday that while it remained committed to the Second Amendment, it believes it is "good sense to follow consumer demand" and adjust to changing market dynamics. "The fact of the matter is that over the last few years, the market for modern sporting rifles has experienced significant excess manufacturing capacity," Colt said in a statement. "Given this level of manufacturing capacity, we believe there is adequate supply for modern sporting rifles for the foreseeable future." Sturm Ruger's stock gained 0.4%, after falling 5.0% over a six-session losing streak, the longest such stretch since it fell for eight straight sessions to Nov. 20, 2018. American Outdoor shares climbed 1.2%, after falling 13% over the previous five sessions, the longest losing streak since the six-day stretch ending June 3. Sturm Ruger's stock has lost 20% year to date and American Outdoor shares have tumbled 52%, while the S&P 500 has rallied 20%.
American Outdoor Brands (AOBC) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
Today we'll evaluate American Outdoor Brands Corporation (NASDAQ:AOBC) to determine whether it could have potential as...
Business leaders have a unique opportunity to bring about change on the issue of guns in the absence of national political will. In fact, the current environment may in fact be the inflection point for business to show moral leadership in face of government inaction.
Shares of ammunition maker Vista Outdoor Inc. sank 4.7% in afternoon trading Tuesday, after Walmart Inc. said it was halting the sale of some rifle ammunition that can also be used in military-style weapons. Walmart also said it would sell through its handgun ammunition and will end handgun sales in Alaska, which will mark the retailer's complete exit from handguns. Vista's stock selloff comes after the stock had ended August with a 27% gain in 11 sessions, since it closed at a record low of $4.41 on Aug. 15. The stock has now shed 53% year to date, while Walmart's stock has run up 23% and the Dow Jones Industrial Average has gained 12%. Walmart also said the remaining assortment of guns it will sell will be "even more focused on the needs of hunting and sport shooting enthusiasts," such as long-barrel deer rifles and shotguns, and much of the ammunition they require. The company expects the moves will reduce its market share of the ammunition market to about 6% to 9% from 20%. Shares of other gun makers also declined, with Smith & Wesson parent American Outdoor Brands Corp. losing 2.8% and AR-556 autoloading modern sporting rifle maker Sturm Ruger & Co. slipping 0.7%.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The outlook for China’s manufacturing sector deteriorated further in August, underlining the weakness in the domestic economy just as a new round of tariffs kicks in.The manufacturing purchasing managers’ index dropped to 49.5, according to data released Saturday by the National Bureau of Statistics, with sub-gauges showing that domestic and new overseas orders contracted. On Sunday, higher U.S. tariffs on roughly $110 billion in Chinese imports took effect, as did Beijing’s retaliatory duties on U.S. goods coming the other way.U.S President Donald Trump’s tariff war continues to heap pressure on China’s economy and policy makers at a time when economic output already is in a long-term deceleration. Until now, officials have stuck doggedly to a relatively limited roster of stimulus measures out of concern that more ambitious support would further swell indebtedness and over-inflate the frothy property market.“While we find Beijing’s self-restraint admirable, we are unsure whether this well-intended master plan could be put into practice, as the risks to growth may have been underestimated,” analysts at Nomura International Ltd. including Lu Ting wrote in a note. Toward the end of the year the government “may be compelled to increase credit growth and ease its tightening measures on property markets again.”The government is not sounding the alarm just yet. Late Sunday, the State Council, China’s cabinet, released a statement saying that overall risks are “controllable” and the economy is stable. At the same time, counter-cyclical adjustments in economic policy will be increased, according to the statement.A different, private gauge focused more on smaller companies showed manufacturing returning to expansion. The Caixin PMI rose to 50.4 in August from 49.9 in July, in data released Monday. In Saturday’s official data there was a pickup in the PMI for small firms, although it was still in contraction.Export ContractionThe official data’s sub-index gauging new export orders rose to 47.2, but was still in contraction, while new orders contracted further. The extra tariffs now will hit manufacturers harder.What Bloomberg’s Economists SayThe fall further into contraction of the official PMI, with almost all the sub-components weakening, shows the need for more policy support is growing more urgent.While the Caixin PMI returned to expansion, “we are not convinced it indicates a genuine improvement in China’s export sector -- the focus of the survey. The rise was mainly driven by the production side.”\-- David Qu and Chang Shu, Bloomberg EconomicsClick here for the full notesThe Trump administration imposed additional 15% duties on consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of about $160 billion in Chinese goods -- including laptops and cellphones -- will be hit with 15% tariffs on Dec. 15.That’s pushing many American companies to move manufacturing out of China to avoid being affected. Abercrombie & Fitch Co. is pushing to reduce its dependence on suppliers in China by more than 40% from last year’s level, but some companies are struggling to do that. Gunmaker American Outdoor Brands Corp. has tried to shift some manufacturing to other countries, but found their supply chains aren’t as sophisticated as China’s and the same components aren’t available.In response to the U.S. actions, China targeted U.S. agricultural and manufacturing centers in the Midwest and South, with higher tariffs on soybeans and other farm goods plus increased charges on U.S. autos -- where duties can now total as much as 50%.In the official PMI report, the index showing prices at the factory door continued to decline, although the renewed contraction of input prices should relieve some of the pressure on company profits.The economy slowed in July and a set of early data collated by Bloomberg showed the trend continuing in August, with poor sales managers’ sentiment and falling trade. However, an improvement in small business confidence is a sign that earlier pro-growth measures may be having an effect.Small Business GlimmerEconomists continue to warn that the trade war risks dragging the global economy into recession, a development that would ultimately feed through into Chinese domestic demand. For now, officials may take some encouragement from the relative strength of the services and construction PMI index, which rose marginally in August and remains in expansion.That partly reflects the long-term shift of the economy away from investment and exports and toward a consumption-led growth model.There are signs that the rapid escalation in the trade war in recent weeks could be topping out. Last week China indicated that it wouldn’t immediately retaliate against the next round of higher U.S. duties. Trump indicated Friday that negotiations between the two nations slated for September are still going ahead.With each new downbeat data release, however, Chinese policy makers face greater pressure to abandon their restrained stimulus approach.“In a macro environment with a weaker credit cycle and falling nominal growth, there is room and urgency for monetary policy to loosen, in order to prevent real interest rates from rising further,” economists at China International Capital Corp. led by Yuan Yue wrote.(Updates with Bloomberg economists’ comments.)\--With assistance from Yinan Zhao and Rachel Chang.To contact Bloomberg News staff for this story: Miao Han in Beijing at firstname.lastname@example.org;Tomoko Sato in Tokyo at email@example.comTo contact the editors responsible for this story: Jeffrey Black at firstname.lastname@example.org, James Mayger, Chris BourkeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. President Donald Trump showed no sign that he’s going to back down from new tariffs on more than $110 billion in Chinese imports -- set to take effect within hours -- even as talks are set to continue.“They’re on,” Trump told reporters on Friday before heading to Camp David, the. U.S. presidential retreat in Maryland. Face-to-face talks between Chinese and American trade negotiators scheduled for Washington in September are still happening “as of now,” he said.“We’re going to win the fight,” Trump said. On Saturday Trump tweeted about Democrats -- he singled out Representative Debbie Dingell of Michigan -- “wanting to give up on our very successful Trade battle with China.” The president also took credit for low gasoline prices, “just like a Tax Cut.” U.S. stocks on Friday moved between gains and losses as investors weighed the effects of more import tariffs on American households. U.S. consumer sentiment slumped to the lowest level of Trump’s presidency. The University of Michigan’s final sentiment index fell to 89.8 in August from a previously reported 92.1 and 98.4 in July, data showed Friday.The U.S. is starting a 15% tariff on about $110 billion in apparel, footwear and other Chinese imports Sunday, with same duty on the balance of almost $300 billion in toys, phones and laptops and other products delayed until Dec. 15. Trump is also increasing the levy already in effect on $250 billion in other Chinese goods to 30% from 25% starting Oct. 1, the 70th anniversary of the founding of the People’s Republic of China.China has vowed additional tariffs on $75 billion of U.S. goods, including soybeans, automobiles and oil, with some taking effect Sunday and the rest Dec. 15 in retaliation.Earlier Friday, Trump blamed American companies for their inability to deal with a trade policy he said is aimed at reining in “unfair players.”“Badly run and weak companies are smartly blaming these small Tariffs instead of themselves for bad management,” Trump tweeted Friday. “And who can really blame them for doing that? Excuses!”In a separate Twitter post on Friday, he took aim at the Federal Reserve again, writing that “we don’t have a Tariff problem (we are reigning in bad and/or unfair players), we have a Fed problem.”Trump has repeatedly attacked the central bank, blaming policy makers for the dollar’s strength and harming the economy by raising interest rates and then moving to cut them too slowly.Several prominent American companies in recent days have tied weaker performance to trade frictions.Shares of American Outdoor Brands Corp. plunged 22% on Friday after the maker of Smith & Wesson handguns cut its forecast to include $5 million in costs for tariffs on Chinese imports.Best Buy Co. fell 8% on Thursday after delivering sluggish sales and trimming its outlook for the year, citing consumer uncertainty in the second half of the year along with the complications that tariffs create. Abercrombie & Fitch Co. sank 15% on Thursday after trimming its sales outlook and flagging the impact of tariffs on its profit margin.Business BlameWhile it’s unclear who Trump is responding to in his criticism of businesses that blame their problems on tariffs, the largest U.S. business lobby this week urged him and Chinese President Xi Jinping to withdraw from the new tariffs and return to talks in good faith to end the escalating trade war.“At this moment of uncertainty, it is critical that our leaders take decisive steps to bolster the economy and avoid actions that could turn talk of recession into reality,” Thomas Donohue, chief executive officer of the U.S. Chamber of Commerce, said in a Washington Post opinion piece Thursday.Other American industry groups were also critical of the escalation.A coalition of more than 150 trade associations made a last-ditch plea to postpone the duties, saying they “come at the worst possible time” and that holiday purchases will still be affected.Despite the worsening trade tensions, a large majority of the American companies that are members of the U.S.-China Business Council said they’re committed to China over the long term and don’t plan to leave, according to a survey the group released Thursday.(Updates with Trump tweets in fourth paragraph.)\--With assistance from Josh Wingrove.To contact the reporters on this story: Brendan Murray in London at email@example.com;Alyza Sebenius in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Murray at email@example.com, Sarah McGregor, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- American Outdoor Brands Corp. plunged as much as 22% in after-hours trading as the maker of Smith & Wesson firearms lowered its forecast for the fiscal year to include $5 million in costs for tariffs on Chinese imports. The stock hasn’t fallen that low in regular trading since 2012.Earnings for the year will be 70 cents to 78 cents a share, and no analyst had expected less than 81 cents in a Bloomberg News survey.Key InsightsWhile American Outdoor has tried to shift some manufacturing to other countries, their supply chains aren’t as sophisticated as China’s and the same components aren’t available, Chief Financial officer Jeff Buchanan said on a conference call. That’s a dilemma lots of U.S. manufacturers are facing amid President Donald Trump’s trade war -- do they invest in factories in other places or try to wait it out and hope for a truce with China?Profit and sales both fell short of analysts’ forecasts for the fiscal first quarter, with revenue down 11% from the year-earlier period, to about $124 million, the company said in a statement. The second quarter isn’t looking much better for the Springfield, Massachusetts-based gunmaker, with adjusted EPS projected to be no more than 7 cents a share -- far below the average estimate of 20 cents and again trailing even the lowest prediction.Firearm sales have been slow, though new products in the second half of the year should change that, Buchanan said. Gunmakers are finding more resistance from retailers as mass shootings in the U.S. make it tricky to sell firearms and ammunition. Dick’s Sporting Goods Inc. moved away from gun sales after last year’s school shooting in Parkland, Florida, and is continuing a review of its so-called hunt segment. Walmart Inc. faced renewed calls to stop selling guns and ammunition after an Aug. 3 mass shooting at one of its stores in Texas.Market ReactionAmerican Brands shares fell 15% to $6.49 at 6:48 p.m. in New York. They already dropped 40% so far this year through Thursday’s close.To contact the reporter on this story: Kevin Miller in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Crayton Harrison at email@example.com, Kevin Miller, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
American Outdoor Brands (AOBC) delivered earnings and revenue surprises of -62.50% and -0.27%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
American Outdoor Brands Corp. shares dropped in the extended session Thursday after the gun maker's quarterly results and outlook disappointed Wall Street. American Outdoor Brands shares fell 13% after hours, following a 3.1% rise in the regular session to close at $7.68. The company reported a fiscal first-quarter loss of $2.1 million, or 4 cents a share, compared to net income of $7.6 million, or 14 cents a share, in the year-ago period. Adjusted earnings were 3 cents a share. Revenue declined to $123.7 million from $138.8 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 7 cents a share on revenue of $127.3 million. The company expects adjusted earnings of 3 cents to 7 cents a share on revenue of $140 million to $150 million for the fiscal second quarter, and 70 cents to 78 cents a share on revenue of $630 million to $650 million for the year. Analysts expect 20 cents a share on revenue of $162.6 million for the second quarter, and 82 cents a share on revenue of $644.4 million for the year.
SPRINGFIELD, Mass. , Aug. 29, 2019 /PRNewswire/ -- American Outdoor Brands Corporation (NASDAQ Global Select: AOBC), one of the world's leading providers of firearms and quality products for the shooting, ...
American Outdoor Brands' (AOBC) first-quarter fiscal 2020 results are likely to be impacted by decline in consumer demand for both firearms and the accessories.
American Outdoor Brands (AOBC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...
SPRINGFIELD, Mass. , Aug. 15, 2019 /PRNewswire/ -- American Outdoor Brands Corporation (NASDAQ Global Select: AOBC) today announced that it plans to release its first quarter fiscal 2020 financial results ...