Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Announces $0.13 Quarterly Dividend

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.13 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 1st.

Smith & Wesson Brands Stock Down 1.1%

Shares of Smith & Wesson Brands stock opened at $13.73 on Thursday. The company has a quick ratio of 1.48, a current ratio of 4.50 and a debt-to-equity ratio of 0.29. The firm has a market cap of $610.85 million, a P/E ratio of 59.70 and a beta of 0.90. Smith & Wesson Brands has a fifty-two week low of $7.73 and a fifty-two week high of $15.79. The business has a 50-day moving average price of $14.91 and a 200 day moving average price of $12.82.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $178.39 million during the quarter, compared to analyst estimates of $155.27 million. Smith & Wesson Brands had a return on equity of 3.07% and a net margin of 2.24%.Smith & Wesson Brands’s quarterly revenue was up 26.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. On average, sell-side analysts forecast that Smith & Wesson Brands will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen raised Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Friday, March 27th. Finally, Lake Street Capital boosted their price objective on Smith & Wesson Brands from $11.00 to $14.00 and gave the company a “buy” rating in a report on Friday, March 6th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a leading American manufacturer of firearms and related products, designing, producing and marketing a broad array of handguns, long guns and shooting accessories. The company’s portfolio includes revolvers, semi-automatic pistols and rifles under well-known brands such as M&P® (Military & Police) and Performance Center®, which are used by military, law enforcement, commercial and private customers. In addition to complete firearms, Smith & Wesson offers suppressors, optics mounts, holsters and other shooting accessories to support a full spectrum of professional and recreational shooting activities.

Founded in 1852 by Horace Smith and Daniel B.