|Bid||9.09 x 800|
|Ask||9.47 x 1100|
|Day's Range||9.15 - 9.36|
|52 Week Range||5.41 - 13.72|
|Beta (5Y Monthly)||0.34|
|PE Ratio (TTM)||154.00|
|Earnings Date||Mar 5, 2020 - Mar 9, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.67|
Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the third quarter. You can find articles about an individual hedge fund's trades on numerous financial […]
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American Outdoor Brands (AOBC) delivered earnings and revenue surprises of 12.50% and -3.81%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of American Outdoor Brands Corp. rose 5% in the extended session Thursday after it reported fiscal second-quarter profit and sales above Wall Street expectations. American Outdoor said it earned $1.3 million, or 2 cents a share, in the quarter, compared with $6.7 million, or 12 cents a share, in the year-ago period. Adjusted for one-time items, American Outdoor earned $5.2 million, or 9 cents a share, compared with $11 million, or 20 cents a share, a year ago. Sales fell 4.5% to $154.4 million, compared with $161.7 million a year ago. Analysts polled by FactSet had expected American Outdoor to report adjusted earnings of 7 cents a share on sales of $150 million. American Outdoor said it expects the split of its firearms business under its Smith & Wesson brand and its outdoor products business under American Outdoor to be completed in the second half of 2020. The company announced the split last month. "We believe the spin-off will drive long-term value for our stockholders by enabling the management team of each company to focus on its specific strategies," the company said in a statement. Shares of American Outdoor ended the regular trading day 4.4% higher.
Smith & Wesson’s parent company American Outdoor Brands raised its full-year outlook after booking stronger quarterly sales than forecast, as US demand for firearms has picked up in the back half of 2019. On an adjusted basis, earnings of 9 cents per share surpassed estimates by two pennies. Background checks — used as a gauge of consumer gun sales — are poised to set a new annual record in 2019.
Shares of American Outdoor Brands Corp. rose 4.5% in afternoon trading Wednesday, after Wedbush analyst James Hardiman raised his earnings estimates to well above consensus a day before the firearms and outdoor products company reports fiscal second-quarter results. Hardiman now expects quarterly earnings per share of 11 cents, up from 7 cents. That compares with the FactSet consensus of 6 cents as of Nov. 29 and the company's guidance range of 3 cents to 7 cents. Hardiman said his improved outlook is based on the "significant outperformance" in National Instant Criminal Background Check System (NICS) data, which showed 13% growth on a weighted average basis versus his estimate of 3% growth coming into the quarter. The company's earnings report is due out after Thursday's closing bell. The stock has now soared 60% since it closed at a 7 1/2-year low of $5.62 on Oct. 3, while the S&P 500 has gained 7.0% over the same time. Last month, the company said it planned to spin off its Smith & Wesson gun-maker business into an independent publicly traded company, with the spinoff expected to be completed in the second half of 2020. Year to date, American Outdoor shares have shed 30%, while the S&P 500 has advanced 24%.
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.
SPRINGFIELD, Mass. , Nov. 21, 2019 /PRNewswire/ -- American Outdoor Brands Corporation (NASDAQ Global Select: AOBC) today announced that it plans to release its second quarter fiscal 2020 financial results ...
Shares of American Outdoor Brands Corp (NASDAQ: AOBC) were trading higher Thursday after the company said it would split its Smith & Wesson gun unit off into a separate public company. "There have been significant changes in the political climate as well as the economic, investing and insurance markets since we embarked upon what we believe have been our very successful diversification efforts," Monheit said in a statement. Monheit said the move would give shareholders a chance to invest in one part or the other of the company's business if they choose.
While management has done a solid job cutting costs and reducing debt, the obligations remain rather large, especially as the business has shrunk due to asset sales Continue reading...
Shares of American Outdoor Brands Corp. shot up 7.4% toward a 3-month high in morning trading Thursday, after the company said it planned to spin off its Smith & Wesson gun-maker business into an independent publicly traded company. Rival gun maker Sturm Ruger & Co.'s stock rose 0.5% and shares of ammunition maker Vista Outdoor Inc. slipped 0.8%. American Outdoor expects the spinoff to be completed in the second half of 2020. Prior to completion of the spinoff, American Outdoor said it plans to call its senior notes, repay its existing bank term loan and consolidate those credit facilities into the lower interest rate revolving line of credit. American Outdoor, which will be the outdoor products and accessories business, expects to be "well capitalized" following the spinoff with zero debt.
American Outdoor Brands to Split With Smith & Wesson American Outdoor Brands (NASDAQ:AOBC) will be separating its gun business, run by Smith & Wesson, from its other outdoor products and accessories business, citing a change in the political climate. The split will be completed by the second half of 2020, just before any Democratic challenger […]The post Market Morning: Smith & Wesson To Split Off, Impeachment, Trade Chatter, Facebook Lowers Grades appeared first on Market Exclusive.
Citing the “political climate” related to the gun industry and the willingness of banks, insurers and investors to back it, Smith & Wesson said Wednesday it will split from the outdoor products and accessories businesses of American Outdoor Brands Corp.
American Outdoor Brands Corp. announced Wednesday afternoon that it would split into two companies to separate its gun-manufacturing business and the rest of its products. AOBC plans to spin off its outdoor-products and -accessories business in a tax-free dividend to stockholders, and allow that business to retain the American Outdoor Brands Inc. name. The gun business will be renamed Smith & Wesson Brands Inc., the name associated with its firearms. "There have been significant changes in the political climate as well as the economic, investing, and insurance markets since we embarked upon what we believe have been our very successful diversification efforts," Chairman Barry Monheit said in the announcement. "We believe that separating into two independent public companies will allow each company to better align its strategic objectives with its capital allocation priorities." Chief Executive James Debney will remain at the helm of American Outdoor, while Mark Smith will become CEO of Smith & Wesson. Chief Financial Officer Jeffrey Buchanan will lead the coordination and execution of the separation, expected to be completed in the second half of 2020, and then retire. Deana McPherson will take over as CFO of Smith & Wesson, and H. Andrew Fulmer will be CFO of American Outdoor. The company will hold a conference call to discuss the plans Thursday morning at 8:30 a.m. Eastern time. AOBC also reaffirmed its financial guidance for the fiscal second quarter, which ended Oct. 31, and plans to announce results on Dec. 5. AOBC shares were halted just after markets closed, and gained more than 2% in extended trading after being released from the hold at 4:50 p.m. Eastern time.
American Outdoor Brands Corp said on Thursday it would split into two publicly traded companies, separating its outdoor products and firearms businesses. After the separation, the firearms business would be under Smith & Wesson Brands Inc and the outdoor products and accessories business would be under American Outdoor Brands Corp, the company said.
SPRINGFIELD, Mass., Nov. 13, 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, hunting, and rugged outdoor enthusiast, today announced that its Board of Directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. The proposed transaction, which is expected to be completed in the second half of calendar 2020, would create two independent publicly traded companies: Smith & Wesson Brands, Inc. (which would encompass the firearm business) and American Outdoor Brands, Inc. (which would encompass the outdoor products and accessories business).
As voters across the country cast their ballots Tuesday in a range of state and local races, analysts are watching to see what this off-year Election Day could signal about the battle for the White House and other 2020 contests.