Smith & Wesson Brands (NASDAQ:SWBI) Issues Earnings Results, Beats Estimates By $0.12 EPS

Smith & Wesson Brands (NASDAQ:SWBI) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12, Zacks reports. The firm had revenue of $129.37 million during the quarter, compared to the consensus estimate of $98.70 million. Smith & Wesson Brands had a return on equity of 5.01% and a net margin of 3.53%.

Smith & Wesson Brands Stock Down 4.0%

NASDAQ:SWBI traded down $0.51 during mid-day trading on Thursday, hitting $12.27. The company had a trading volume of 1,228,709 shares, compared to its average volume of 603,840. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $14.42. The firm has a market capitalization of $550.19 million, a price-to-earnings ratio of 30.68 and a beta of 0.86. Smith & Wesson Brands has a 1 year low of $8.01 and a 1 year high of $17.56. The company has a current ratio of 3.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Smith & Wesson Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $0.52 annualized dividend and a yield of 4.2%. Smith & Wesson Brands’s dividend payout ratio (DPR) is 130.00%.

Institutional Investors Weigh In On Smith & Wesson Brands

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Smith & Wesson Brands in the fourth quarter worth $30,000. Tower Research Capital LLC TRC boosted its stake in Smith & Wesson Brands by 205.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,240 shares of the company’s stock valued at $54,000 after acquiring an additional 4,200 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Smith & Wesson Brands by 12.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 11,403 shares of the company’s stock worth $99,000 after acquiring an additional 1,237 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Smith & Wesson Brands during the 2nd quarter worth $101,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Smith & Wesson Brands in the 2nd quarter worth about $104,000. Institutional investors and hedge funds own 59.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research upgraded Smith & Wesson Brands to a “hold” rating in a report on Tuesday, June 23rd. Lake Street Capital increased their target price on shares of Smith & Wesson Brands from $14.00 to $16.50 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Finally, Weiss Ratings lowered shares of Smith & Wesson Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.50.

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.