|Bid||12.23 x 13100|
|Ask||12.46 x 12600|
|Day's Range||11.90 - 12.81|
|52 Week Range||6.60 - 13.35|
|Beta (3Y Monthly)||-0.87|
|PE Ratio (TTM)||23.42|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
American Outdoor Brands gives investors every reason to buy up the stock following its earnings release.
American Outdoor Brands Corp (NASDAQ: AOBC ) reported Thursday a top-and-bottom line beat in its fiscal second-quarter results , which signals management's turnaround plan remains on track, according to ...
The Springfield, Massachusetts-based company said it had profit of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 20 cents per share. The results beat Wall Street expectations. ...
American Outdoor Brands (NASDAQ: AOBC ) unveils its next round of earnings this Thursday, Dec. 6. Get prepared with Benzinga's ultimate preview for the Q2 earnings. Earnings and Revenue Sell-side analysts ...
Stronger gun sales and growth in knives, optics and other accessories propelled American Outdoor Brands in its fiscal second quarter, igniting a sharp rally in the company’s shares late Thursday. The owner of gun maker Smith & Wesson posted better than expected earnings and revenue for the period. Both the firearms and outdoor products businesses saw revenue and profitability improve, with the gun segment boosted by “bundle” promotions booked earlier in the year and shipped during the quarter, according to chief executive James Debney.
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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.