Smith & Wesson Brands (SWBI) Set to Announce Quarterly Earnings on Thursday

Smith & Wesson Brands (NASDAQ:SWBI) is scheduled to be releasing its earnings data on Thursday, March 7th.

Smith & Wesson Brands (NASDAQ:SWBI) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $125.00 million for the quarter, compared to analyst estimates of $123.77 million. Smith & Wesson Brands had a return on equity of 10.22% and a net margin of 5.76%. Smith & Wesson Brands’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. On average, analysts expect Smith & Wesson Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Smith & Wesson Brands Stock Down 0.5 %

Smith & Wesson Brands stock traded down $0.07 during midday trading on Wednesday, hitting $13.19. The stock had a trading volume of 362,322 shares, compared to its average volume of 289,552. The business has a fifty day moving average price of $13.41 and a 200 day moving average price of $13.27. Smith & Wesson Brands has a 12 month low of $10.34 and a 12 month high of $14.86. The stock has a market cap of $601.99 million, a P/E ratio of 20.71 and a beta of 1.14. The company has a current ratio of 3.10, a quick ratio of 1.30 and a debt-to-equity ratio of 0.27.

Smith & Wesson Brands Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.64%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 75.00%.

Analysts Set New Price Targets

Separately, Craig Hallum increased their price objective on shares of Smith & Wesson Brands from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Friday, December 8th.

Insiders Place Their Bets

In other news, Director Robert L. Scott sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $13.40, for a total transaction of $26,800.00. Following the completion of the transaction, the director now owns 77,569 shares of the company’s stock, valued at $1,039,424.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 6,000 shares of company stock valued at $80,060 over the last three months. Company insiders own 0.99% of the company’s stock.

Institutional Investors Weigh In On Smith & Wesson Brands

Several large investors have recently made changes to their positions in the company. Harbour Investments Inc. grew its holdings in Smith & Wesson Brands by 72.9% in the 4th quarter. Harbour Investments Inc. now owns 1,918 shares of the company’s stock worth $26,000 after buying an additional 809 shares in the last quarter. US Bancorp DE boosted its position in Smith & Wesson Brands by 117.0% during the 1st quarter. US Bancorp DE now owns 2,448 shares of the company’s stock worth $37,000 after acquiring an additional 1,320 shares during the period. International Assets Investment Management LLC grew its stake in shares of Smith & Wesson Brands by 1,255.8% in the fourth quarter. International Assets Investment Management LLC now owns 3,037 shares of the company’s stock worth $41,000 after purchasing an additional 2,813 shares in the last quarter. Quarry LP acquired a new position in shares of Smith & Wesson Brands during the second quarter valued at $42,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Smith & Wesson Brands by 221.2% during the third quarter. Tower Research Capital LLC TRC now owns 3,273 shares of the company’s stock valued at $42,000 after purchasing an additional 2,254 shares in the last quarter. Institutional investors and hedge funds own 57.47% of the company’s stock.

About Smith & Wesson Brands

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers handguns, including revolvers and pistols; long guns, such as modern sporting rifles, bolt action rifles; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, and Gemtech brands.