Zacks: Analysts Expect Smith & Wesson Brands, Inc. (NASDAQ:SWBI) Will Announce Quarterly Sales of $273.50 Million


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Wall Street brokerages expect Smith & Wesson Brands, Inc. (NASDAQ:SWBI) to post $273.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Smith & Wesson Brands’ earnings. The highest sales estimate is $297.00 million and the lowest is $250.00 million. Smith & Wesson Brands posted sales of $233.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.1%. The firm is expected to report its next earnings results on Thursday, June 17th.

On average, analysts expect that Smith & Wesson Brands will report full year sales of $1.01 billion for the current financial year, with estimates ranging from $986.20 million to $1.03 billion. For the next financial year, analysts anticipate that the business will post sales of $740.35 million, with estimates ranging from $630.90 million to $849.80 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Smith & Wesson Brands.

Smith & Wesson Brands (NASDAQ:SWBI) last posted its earnings results on Wednesday, March 3rd. The company reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.31. Smith & Wesson Brands had a net margin of 4.34% and a return on equity of 39.05%. The company had revenue of $257.60 million for the quarter, compared to analyst estimates of $236.70 million. During the same period in the previous year, the business posted $0.14 EPS. Smith & Wesson Brands’s revenue was up 102.2% on a year-over-year basis.

Several brokerages have recently commented on SWBI. TheStreet upgraded shares of Smith & Wesson Brands from a “c” rating to a “b” rating in a report on Thursday, December 10th. Craig Hallum restated a “hold” rating and issued a $17.00 price objective on shares of Smith & Wesson Brands in a report on Thursday, March 11th. Lake Street Capital upped their target price on shares of Smith & Wesson Brands from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Friday, March 5th. Wedbush reaffirmed a “neutral” rating on shares of Smith & Wesson Brands in a research note on Friday, March 5th. Finally, Cowen reaffirmed a “buy” rating and set a $24.00 target price on shares of Smith & Wesson Brands in a research note on Wednesday, December 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $22.50.

Shares of SWBI stock traded down $0.12 during trading hours on Monday, hitting $18.27. The company had a trading volume of 22,410 shares, compared to its average volume of 2,366,955. The company’s fifty day moving average is $17.82 and its 200 day moving average is $17.28. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.72 and a quick ratio of 1.09. Smith & Wesson Brands has a fifty-two week low of $5.41 and a fifty-two week high of $23.57. The stock has a market capitalization of $972.86 million, a PE ratio of 27.04 and a beta of 0.84.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Tuesday, March 16th. Smith & Wesson Brands’s dividend payout ratio is presently 24.39%.

In other news, Director Robert L. Scott sold 3,000 shares of the company’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $18.85, for a total value of $56,550.00. Following the completion of the transaction, the director now owns 86,932 shares in the company, valued at approximately $1,638,668.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Peter Smith bought 1,500 shares of the stock in a transaction dated Wednesday, March 24th. The stock was bought at an average price of $17.00 per share, with a total value of $25,500.00. Following the acquisition, the insider now owns 150,686 shares in the company, valued at approximately $2,561,662. The disclosure for this purchase can be found here. Over the last three months, insiders sold 9,000 shares of company stock worth $176,100. Insiders own 2.59% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. S.A. Mason LLC boosted its holdings in shares of Smith & Wesson Brands by 45.5% in the 4th quarter. S.A. Mason LLC now owns 2,000 shares of the company’s stock valued at $36,000 after buying an additional 625 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Smith & Wesson Brands by 2.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 32,622 shares of the company’s stock valued at $579,000 after buying an additional 777 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Smith & Wesson Brands by 0.7% in the 3rd quarter. Swiss National Bank now owns 124,850 shares of the company’s stock valued at $1,938,000 after buying an additional 900 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Smith & Wesson Brands by 108.2% in the 4th quarter. Advisory Services Network LLC now owns 1,928 shares of the company’s stock valued at $34,000 after buying an additional 1,002 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Smith & Wesson Brands by 12.4% in the 4th quarter. IFP Advisors Inc now owns 9,695 shares of the company’s stock valued at $173,000 after buying an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 65.55% of the company’s stock.

Smith & Wesson Brands Company Profile

Smith & Wesson Brands, Inc designs, manufactures, and sells firearms worldwide. The company offers firearms products, such as revolvers and pistols; modern sporting rifles, bolt action rifles, and muzzleloaders; handcuffs; suppressors; and other firearm-related products under the Smith & Wesson, M&P, Performance Center, Thompson/Center Arms, and Gemtech brands.

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