|Bid||11.95 x 13100|
|Ask||12.18 x 12600|
|Day's Range||11.93 - 11.93|
|52 Week Range||6.60 - 13.35|
|Beta (3Y Monthly)||-0.93|
|PE Ratio (TTM)||21.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
American Outdoor Brands Corporation (AOBC) has been struggling lately, but the selling pressure may be coming to an end soon.
Investors in American Outdoor Brands Corp. on Tuesday won a shareholder vote urging the top U.S. firearm maker to do more to address gun violence. Nearly 70% of investors in Sturm, Ruger & Co. backed a similar shareholder proposal at that company in May. The percentage of shareholders who backed the proposal at American will be disclosed in later financial filings.
Proxy services have backed activist investors pushing for a report on gun violence and "smart gun" technology.
Investors at American Outdoor Brands Corp approved a call for the gun maker to produce a safety report, officials said during its annual meeting on Tuesday, marking a second win for religious activist shareholders focused on firearms makers after a series of mass shootings in the United States. The resolution, approved over the company's objections, asks its board to report by February on its efforts to monitor gun violence, to research and produce safer guns, and for an assessment of reputational and financial risks. All nominated directors at the Springfield, Mass.-based company, the parent of Smith & Wesson, received a majority of votes cast, according to a preliminary vote tally given by an official during the webcast meeting.
In addition to facing off with shareholders, American Outdoor also found itself on the receiving end of grievances from the law enforcement community. Leaders of the Major Cities Chiefs Association, a law enforcement organization that represents dozens of large North American police departments, sent the company a letter last week asking it to address issues ranging from gun theft to making firearms easier for police officers to trace.
The Interfaith Center on Corporate Responsibility won a resolution on gun safety at American Outdoor Brand's annual shareholder meeting, the same resolution it successfully passed at Sturm Ruger earlier this year. The group wants Smith & Wesson's parent company to make a report on whether it is adequately addressing the risks that its products are associated with gun violence and to show evidence it is exploring ways to make safer guns. The maker of Smith & Wesson firearms lost a prolonged fight with religious groups and other shareholders who have been pushing it to consider a plan to help reduce the harmful effects of its products.
At the heart of the matter is a decision by American Outdoor to stop training courses for police officers and soldiers -- while another company picked up contracts for similar training using virtual reality simulators. Saltz’s position on the boards of both companies is gaining scrutiny from shareholder advocates even as the company faces questions over gun safety from the religious leaders, a national police group and investors. American Outdoor had long provided firearms training at its 57,000-square-foot Smith & Wesson Academy in Springfield, Massachusetts.
The company’s “firearms are the most commonly used guns recovered at crime scenes by police departments in many cities across America,” states the letter, signed by Montgomery, Maryland, police chief J. Thomas Manger and Art Acevedo, Houston’s police chief.
American Outdoor Brands (AOBC) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.
Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company's products. In a report e-mailed by an ISS spokesman, the leading proxy adviser also recommended that investors support all 10 director nominees at American Outdoor's online-only shareholder meeting on Sept. 25. The proposal was submitted by religious investors.
If you want to know who really controls American Outdoor Brands Corporation (NASDAQ:AOBC), then you’ll have to look at the makeup of its share registry. Insiders often own a largeRead More...
The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press concerns about firearms safety, and won rare new recommendations from a proxy adviser. In a filing with the U.S. Securities and Exchange Commission, American Outdoor Brands Corp responded to proxy adviser Glass, Lewis & Co, which on Tuesday had recommended investors withhold their support from half of the company's 10 board nominees and backed a call for a safety report. In an unusual update, a spokesman for Glass Lewis on Thursday evening sent a new version of its report stating that in light of American Outdoor's additional disclosures, it would recommend against only one director nominee.
The parent company of gunmaker Smith & Wesson on Thursday defended its directors and its contribution disclosures ahead of a proxy vote that will test how far leading fund firms will press their concerns about firearms safety. In a filing with the U.S. Securities and Exchange Commission, American Outdoor Brands Corp responded to proxy adviser Glass, Lewis & Co, which on Tuesday recommended investors withhold their support from half of the company's 10 board nominees and backed a call for a safety report. After a gunman wielding a Smith & Wesson assault-style rifle massacred 17 people at a Florida high school in February, some banks restricted firearms lending, and asset managers including BlackRock Inc and Vanguard Group said they would speak to gunmakers about the safety of their products.
The Smith & Wesson parent company earned 21 cents per share for the quarter, up 9 cents from Wall Street's expectations of 12 cents per share. It also beat estimates on sales, reporting $138.8 million in revenues versus the $134.5 million expected by analysts. The company also issued a strong earnings forecast of 11 to 15 cents per share for its second quarter, beating Wall Street's estimates of 8 cents per share.
American Outdoor Brands (AOBC) delivered earnings and revenue surprises of 75.00% and 0.60%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock?
SPRINGFIELD, Mass. (AP) _ American Outdoor Brands Co. (AOBC) on Thursday reported fiscal first-quarter net income of $7.6 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 12 cents per share. For the current quarter ending in November, American Outdoor Brands expects its per-share earnings to range from 11 cents to 15 cents.