Smith & Wesson Brands, Inc. (SWBI) To Go Ex-Dividend on March 19th

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) declared a quarterly dividend on Thursday, March 5th. Shareholders of record on Thursday, March 19th will be given a dividend of 0.13 per share on Thursday, April 2nd. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Thursday, March 19th.

Smith & Wesson Brands Trading Up 0.2%

Shares of SWBI opened at $13.94 on Tuesday. The company’s fifty day simple moving average is $11.69 and its 200-day simple moving average is $10.29. The company has a market cap of $620.24 million, a P/E ratio of 60.55 and a beta of 1.04. The company has a current ratio of 4.50, a quick ratio of 1.48 and a debt-to-equity ratio of 0.29. Smith & Wesson Brands has a twelve month low of $7.73 and a twelve month high of $14.59.

Smith & Wesson Brands (NASDAQ:SWBI) last issued its quarterly earnings results on Thursday, March 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Smith & Wesson Brands had a net margin of 2.24% and a return on equity of 3.07%. The company had revenue of $135.71 million for the quarter, compared to the consensus estimate of $125.59 million. During the same period in the prior year, the firm posted $0.02 EPS. The firm’s revenue was up 17.1% compared to the same quarter last year. As a group, analysts expect that Smith & Wesson Brands will post 0.47 EPS for the current year.

Analyst Upgrades and Downgrades

SWBI has been the subject of a number of recent analyst reports. 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. Wall Street Zen raised shares of Smith & Wesson Brands from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Smith & Wesson Brands in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently 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.