Smith & Wesson Brands (NASDAQ:SWBI) Issues Earnings Results

Smith & Wesson Brands (NASDAQ:SWBI) announced its earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02, FiscalAI reports. Smith & Wesson Brands had a net margin of 2.34% and a return on equity of 3.10%. The company had revenue of $124.67 million for the quarter, compared to analysts’ expectations of $123.73 million. During the same quarter in the previous year, the company posted $0.11 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis.

Smith & Wesson Brands Stock Up 0.3%

Shares of NASDAQ SWBI opened at $8.91 on Friday. The company has a market capitalization of $395.07 million, a P/E ratio of 37.13 and a beta of 1.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.21 and a quick ratio of 1.37. The company has a 50 day simple moving average of $9.35 and a 200-day simple moving average of $9.04. Smith & Wesson Brands has a 1 year low of $7.73 and a 1 year high of $14.20.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.52 annualized dividend and a dividend yield of 5.8%. Smith & Wesson Brands’s dividend payout ratio is 216.67%.

Institutional Investors Weigh In On Smith & Wesson Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rafferty Asset Management LLC raised its position in Smith & Wesson Brands by 12.2% in the second quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock valued at $99,000 after purchasing an additional 1,237 shares during the period. BNP Paribas Financial Markets increased its position in shares of Smith & Wesson Brands by 8.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 18,682 shares of the company’s stock worth $162,000 after purchasing an additional 1,405 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Smith & Wesson Brands by 8.4% in the 2nd quarter. Osaic Holdings Inc. now owns 30,969 shares of the company’s stock valued at $269,000 after buying an additional 2,403 shares during the period. Tower Research Capital LLC TRC raised its holdings in Smith & Wesson Brands by 205.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after buying an additional 4,200 shares during the period. Finally, Legal & General Group Plc lifted its position in Smith & Wesson Brands by 10.3% in the second quarter. Legal & General Group Plc now owns 47,630 shares of the company’s stock valued at $413,000 after buying an additional 4,431 shares during the last quarter. Institutional investors and hedge funds own 59.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWBI shares. Weiss Ratings restated a “sell (d+)” rating on shares of Smith & Wesson Brands in a research report on Wednesday, October 8th. Zacks Research raised shares of Smith & Wesson Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen upgraded Smith & Wesson Brands from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.00.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc is a holding company, which engages in the manufacture, design, and provision of firearms. Its portfolio includes handguns, long guns, handcuffs, suppressor, and other firearm-related products. The firm’s brands are Smith & Wesson, M&P, Thompson/Center Arms, and Gemtech.