Smith & Wesson Brands (NASDAQ:SWBI) Issues Earnings Results, Beats Expectations By $0.03 EPS

Smith & Wesson Brands (NASDAQ:SWBI) announced its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03, FiscalAI reports. Smith & Wesson Brands had a return on equity of 2.34% and a net margin of 1.89%.The firm had revenue of $135.71 million during the quarter, compared to analyst estimates of $125.59 million.

Smith & Wesson Brands Trading Down 1.8%

Smith & Wesson Brands stock traded down $0.22 during mid-day trading on Thursday, hitting $11.79. 428,472 shares of the company’s stock were exchanged, compared to its average volume of 474,059. Smith & Wesson Brands has a fifty-two week low of $7.73 and a fifty-two week high of $12.15. The company has a quick ratio of 1.58, a current ratio of 4.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $524.54 million, a P/E ratio of 62.06 and a beta of 1.04. The company’s 50 day simple moving average is $11.09 and its 200-day simple moving average is $9.96.

Institutional Trading of Smith & Wesson Brands

Several hedge funds have recently bought and sold shares of SWBI. Charles Schwab Investment Management Inc. increased its position in shares of Smith & Wesson Brands by 25.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,311,503 shares of the company’s stock worth $12,945,000 after acquiring an additional 265,370 shares in the last quarter. Millennium Management LLC bought a new stake in Smith & Wesson Brands in the 3rd quarter valued at $7,558,000. Two Sigma Investments LP boosted its stake in Smith & Wesson Brands by 166.1% in the 3rd quarter. Two Sigma Investments LP now owns 753,964 shares of the company’s stock worth $7,411,000 after purchasing an additional 470,602 shares during the period. Goldman Sachs Group Inc. increased its holdings in Smith & Wesson Brands by 41.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 712,708 shares of the company’s stock worth $6,642,000 after purchasing an additional 208,739 shares in the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Smith & Wesson Brands by 159.3% in the 4th quarter. Trexquant Investment LP now owns 318,026 shares of the company’s stock valued at $3,139,000 after purchasing an additional 195,390 shares during the period. 59.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWBI has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Smith & Wesson Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Smith & Wesson Brands in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.00.

About Smith & Wesson Brands

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.